Bajaj Finance (Hourly) - Inverted Head & Shoulders
Current market price - 7360
Target - 7813.20 (depth of the head)
Price has done breakout of the inverted head & shoulders chart pattern neckline
Bollinger band is challenged on the upper end
RSI is above 60
ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI)
All indicators / oscillators on the daily tide look good too
In fact, on the daily timeframe, the price has entered the 5th wave
Current market price - 7360
Target - 7813.20 (depth of the head)
Price has done breakout of the inverted head & shoulders chart pattern neckline
Bollinger band is challenged on the upper end
RSI is above 60
ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI)
All indicators / oscillators on the daily tide look good too
In fact, on the daily timeframe, the price has entered the 5th wave
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.