Bajaj finance has been trading in the in triangle formation.
On a daily time frame analysis, there is a bearish moving average divergence.
The stock has been taking support on its 20 ema on hourly time frame.
The markets are volatile. So, wait for the price action and a break out of the triangle.
Support :- 5753, 5655
Resistance :- 5900, 6000, 6120
Wait and watch for the price action for the confirmation.
Stock can retest it 20 ema on daily time frame.
The trade can be a swing and intraday trade.
On a daily time frame analysis, there is a bearish moving average divergence.
The stock has been taking support on its 20 ema on hourly time frame.
The markets are volatile. So, wait for the price action and a break out of the triangle.
Support :- 5753, 5655
Resistance :- 5900, 6000, 6120
Wait and watch for the price action for the confirmation.
Stock can retest it 20 ema on daily time frame.
The trade can be a swing and intraday trade.
