PrabhatMishra

EMA Crossovers and S&R strategy

NSE:BAJFINANCE   BAJAJ FINANCE LTD
As we can see there is a channel breakout with a high volume in November which is supported by EMA crossovers and if we place 200, 100 moving average & pivot points it's giving great support there.
Moving further after a pullback there is a support and resistance forming, after the breakout of the resistance again with high volume , there we can see (1/3/2021) many supports are forming i.e 50 EMA and previous resistance is acting as a support and now it's forming a flag pennant chart pattern, Looking forward to its next movement

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