After the panic fall bajaj finance made an ending diagonal as a wave c whose breakout given a massive upside rally. Current structure suggests that the stock is completing its 5th wave of 1-2-3-4-5 upmove as an ending diagonal. So one can short it on a rise near the level of 3810-20 with SL of 3150 for the target of previous 4th which is 3150.
Bajaj Finance Bullish Pattern.
Chart Pattern indicates a Bullish move.
Support is around 3200
while resistance is around 3380.
We may see the level of 3430
in the near term.
Updated: 19 July 2020 11.00am
Disclaimer: Only for learning purpose
1. I have been providing regularly the update on bajaj finance whatever the targets , I gave all were met continuously. Last week post In point no.1 I wrote is quoting for your authentication how word to word stock reacted as shared " There you can see a pink circle showing a variation of dark cloud pattern of a candlestick. This...
1. In the last post on this stock, I mentioned in point no. 2 is quoting for your consideration " now the target is a white zone." . you can see exactly the white zone acted as resistance and target achieved. There you can see a pink circle showing a variation of dark cloud pattern of a candlestick. This is activated now as the last...
1. In last update regarding this stock I mentioned is quoting for your consideration " two days trading after my post the effect of an evening star is neutralize by the bullish harami which i circled in white. and today candle activated it for long side. now long can be initiated with the sl of red dotted line down side." . You can see what a...
Two weeks back I posted my first post on this scrip. That time it was in sell mode and in last week came out from this mode to buy. Will it continue further lets find out. What I shared with you all in form of my conditions is quoting for your consideration in point no.3 of that post. " my sentiments for...
If Bajaj Finance break 1948 with Volume then go long With Target of 2070 and Sl- 1906
Disclaimer :- I am not a financial advisor , if you take any decision for buy or sell then do a self research as well.
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