IS BAJAJ FINSERV FORMING A W PATTERN?Bajaj Finserv form double bottom and if it hold the support zone of 1560 to 1550, we expect to see 1650 and then rally towards 1720 levels. Will get confirmation for W above 1665 only.
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Bajajfinsrv
Bajaj Finserv - Short OpportunityShort Opportunity -
Bajaj finserv is planning for the third wave. There were two waves formed, according to this history there is the third wave is expected. The CCI is trading near the -100 level and CPR is narrow and at the downside, so the ball is in the bearish court. We can go for short trade if the MA is headed to the downside.
Bajaj Finserv Will Make One More Leg Down Before Marching UpwardBAJAJ FINSERV is forming in the descending channel.
After making the all-time high of 19325 , it has corrected 3000 points.
The descending channel has the highest value of 19325 and the lowest value of 16273 .
It has touched nine times on the control of descending channel.
Even if the control line has provided reversal, the breakout of the control line signals continuation of the trend.
Price is occurring value area box which shows control of the supply & demand. In this area, buyers and sellers are both satisfied with this price.
If the price gives a fake-out, traders can buy on the excess area for the targets of the control line of the value area box at 17275 and up to the upper band of the value area.