where do bajaj finance go first ? What do you think ?
1. Bearish H&S is forming break below neckline. it will fall.
2. It will rise from Support zone.
3. It is forming a continuation pattern, it will rise after breakout above trendline.
4. it is making a bearish pattern descending triangle, it will fall.
Please do comment your answer.
my vote goes 2...
BAJAJ FINANCE Intraday levels for Tomorrow..
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Banknifty all essential levels are marked on the chart.
Its moving in a channel and facing heavy resistance at the top so trade with caution on long side.
We might see the market opens on a negative note.
Always trade with stoploss to avoid big drawdowns
=Nifty doesn't look good for now so I will be avoiding trades in it
please like and...
Attached: Hourly Chart
A Clear Cut Distribution Pattern is visible for Bajaj Finance. This Pattern is called the Head & Shoulders Top Pattern and is a Trend Reversal Pattern.
In this case, there is a BEARISH Implication
One can Short at CMP
Stop Loss above 7380
Downside Target open to 6900- 6800
And Happy Trading!
If you like my work, then check...
Good volumes - positions created in Apr,2022
Stock gave BO on weekly chart this week, surpassing the previous weekly high close.
Might not runaway immediately, can test some patience, but should be a good bet in short term (3-7 months)
NSE:BAJAJFINSV given very Bullish Inverted Head & Shoulder BreakOut....
All the Detaiils are mentioned in the Chart....
STOPLOSS HOULD BE FOLLOWED ON DAILY CLOSSING BASIS.
This is not a recomendation...... This is only for educational perpose
Just to appriciate my effort please boost the post.
on 15 minute timeframe bajaj finance is at very important support level of 7260. if it break 7260 price level down side then we can see gap filling trade here till price 7150. with the 50-60 rupee stoploss we can plan 2.5:1 trade as given below.
15 minute, selling
sell after 7260