BAJAJHFL (Bajaj Housing Finance) Ready to move?After a hefty correction in the market STOCKS are finally bouncing back to their zones. Does it signify the trend is upwards? The ANSWER is NO . One can take swing trades and follow strict Stop loss and catch momentum trades (not on NEWS basis)
Bajaj Housing Finance looks promising at the moment because of the pattern and BUYING indication before the RESULTS which is at the end of MAY .
Targets to note: 137 (If it rejects from here for 2 consecutive days then book here and wait for the other opportunity
SECOND TARGET: 145-150
THIRD: 180-190
NOTE: I'm not a SEBI REG. Study or consult your financial advisor before taking trades
Bajajhousingfinancetechnicalanalysis
Bajaj Housing Finance cmp 119.38 by Daily Chart view since listeBajaj Housing Finance cmp 119.38 by Daily Chart view since listed
* Support Zone 111.50 to 117.50 Price band
* Resistance Zone seen 125 to 130 Price Band
* Rising Support Trendline seems been respected
* Falling Resistance Trendline breakout seems likely in near future
* Volumes are in close sync with the daily average traded quantity
* Bullish Rounding Bottom completed in recent past with Resistance Zone neckline

