The stock has formed a cup and handle formation and looks Bullish for swing of 2 weeks.
The Price might retest the Neck Line, so Handle zone will act as a Support.
Risk Takers can take a Position on the handle zone and safe players can take above the neck line.
If you agree with my analysis don't forget to hit the like button! Follow me for more.
key levels of bajaj finance support at 3143 and strongest support at 2856, stock is in rangebound consolidation currently so either it must break up 3380 or break down from 3155 for long trend confirmation
I hope you can now see how the Bajfinance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...
A Flag pattern has been observed in Bajaj Finance. The stock is in very bullish trend and will continue to do so because of strong fundamentals.
On the other hand all the technical indicators suggest a long position. Long above 3350.
Target 1: 3419
Target 2: 3500
Stop Loss: 3300
Something to pay attention: Results round the corner. A positive result will send...