Bajaj Finserv cmp 2018 by Daily Chart viewBajaj Finserv cmp 2018 by Daily Chart view
- Support Zone 1950 to 1995 Price Band
- Resistance only at the ATH 2135.00 level
- Falling Resistance Trendline Breakout seems sustained
Bajajfinserveltdanalysis
Bajaj Finserv in a bullish trend; Watch and trade?Bajaj Finserv has been in a good trend even when overall market remained negative, the stock has been trading around the recent highs.
There has been a Break out of the resistance zone but the market has formed a Tweezer top after the break out on the weekly charts.
If there is trend reversal of the indices, high chance of it forming new high while be there.
YTD the stock has posted 17% positive returns while the markets are down by the approximately the same percentage.
Major Resistance levels :-1860-19410
Possible Target levels (as per fibonacci levels) :- 2304, 2771
This can be the stock of the year. 20-40% return can be captured as per the holding capacity. Keep strict SL
Wait for the price action and trade as per the trading plan/setup.
Bajaj FinServ cmp 1791.00 by Weekly Chart viewKeep stock on radar for a very captivating Technical Chart setup for New Lifetime High Milestone creation
Bajaj FinServ cmp 1791.00 by Weekly Chart view
- Triangle Breakout Completed
- Volumes seem stable and inching to cross avg traded quantity
- Weekly Support at 1680 > 1450 > 1220 Resistance seen at 1900 > ATH 2029.90
- *Repeat Bullish Head & Shoulders, Rounding Bottoms appear inside the slightly sliding Ascending Triangle pattern*
BAJAJFINSV Long IdeaBAJAJFINSV chart looks good. It broke out in weekly timefame.
Stoploss and Targets are given in chart.
Trade plan as per risk management.
Fundamentally good stock.
