Bajaj Finance has shown following patterns:
13 Dec - Bearish engulfing pattern.
15 Dec - Three black crows . Back to back bearish candles with a gapdown open on 15 Dec.
16 Dec - Forming a small green candle, forming a Harami pattern.
Price is also below support of 7050.
What do you think? What will be the followup?
I am a learner and it is not a trading idea. I am unable to determine which direction it might take. Can anyone share how to identify the direction if it is possible and please explain? Thank you.
Hi
BAJF took support near 1967 level and is forming higher lows and higher highs. It might taste 2453 again and then 2580. A closing above 2600 will take the stock to 2650, 2760 and 2870.
The 2233 low is still a potential higher low and will be confirmed above 2475.
Regards
BAJAJ FINANCE has beautifully formed a inverse Head and Shoulder pattern on hourly chart which is further supported by Wolfe Wave. If stock goes above its previous day's high then it may go up with good momentum.
