Morning star pattern in bajaj financeBajaj finance has given a bullish reversal pattern and has closed above 50% fib level.
It may test its 61.8% levels before retracement or reverse from 50% levels
Wait for a the levels to sustain above 6970.
Resistance :- 6600,6750
Support :- 6338, 6249
Simple patterns can be traded with confirmation
Bajajfinance
BUY BAJAJ FINANCE ABOVE 7000 FOR 5%-10% GAINSAsian paints has taken support of the possible triple bottom
Bounced from 200 MA
Sitting on demand zone
Above flip level
Healthy retracement of 61.8% done from last swing high
Good volume on previous 2 sessions
7000 will act as a psychological breakout/support.
Buy above - 7000
Targets mentioned in the chart above
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BAJAJ FINANCE LTD Dear Traders
1- Look at the strong demand zone, every time the stock has been respecting the same demand zone, it comes to this level and then bounces
2- There is a strong trendline which is coming from a few weeks, the high probability the stock may come to the same trendline again
3- It has made a perfect double top pattern
4- It has made a bearish engulfing pattern and that to on the resistance which itself is a bearish signal
These are a few of my strong findings which i have observed
if the low of present candle is broken we can expect a sharp fall in the script
Note:- All the study made in this chart or market is purely for educational purpose, No buy and sell suggestions from my charts
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EMA 200 reached - Key levelI am not sure about taking a long position, given the weak market outlook.
Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal.
Bajaj Finance has reached EMA 200 from where it bounced previously as well, key level to watch out for imo
Not an Investment Advice. I am just curious to see how it plays out.
NIFTY50 Future Intraday support and resistances 24/01/2022NIFTY50 may open gap up because of good Q3 results of ICICIBANK, if nifty sustains at the upper levels we can see levels of 17800/17950 in NIFTY Future.
If on the lower hand levels of 17500 breaks in Nifty Future we can see levels of 17450/17320 in Nifty Future
Bajaj Finance breakout, keep an eye...Hello guys, Astral has hit all the 3 targets you guys can book near 8% now.
Now this script bajfinance has given a breakout from flag and pole pattern which works very well according to my minute experience.
You wont be able to see flag and pole in this image so please zoom it out and you'll be able to see it clearly.
Buy above - 7460
Targets are mentioned in the chart above