Bajaj Finance Trading IdeaClear divergence can be seen in the chart, therefore placing a short position below the last down fractal.
BAJFINANCE
BAJAJFINANCE| BUY |ASCENDING TRIANGLE PATTERN FORMING STRONGLY |BAJAJFINANCE
HELLO EVERYONE, TODAY I OBSERVED THAT THE BAJAJ FINANCE IS GOING UP VERY STRONGLY, WITH MAKING A PATTERN CALLED ASCENDING TRIANGLE PATTERN SO, I THINKS THAT IN NEAR FUTURE WE MAY SEE SOME BIG MOVEMENTS IN THE STOCK TO UPSIDE AND BULLS MAY WIN.
Bajaj Finance 15 Mins simple charting!In this chart we can clearly see that this stock rallied today as on 6/8/19 and has entered its strong resistence zone. It has failed nearly 25 times before from this level. A strong close above 3303 and above can show us approx 3344 marks on the charts. Beware of the volatile market and go with the trend. Do not take any position as this article is just for analysis. Thank you.
BAJFINANCE || LONG SL 3285 as per your risk management
Buy above 3295
Targets 3315, 3325, 3335, 3345, 3355, 3365, 3375, 3385, 3400, 3450, 3500
BAJFINANCE || SHORT Most probably the short side has more strength
BUY above 3300
Targets 3350, 3400, 3450
SELL below 3195
Targets 3145, 3100, 3050, 3000
Bullish Deep Crab (Bajfinance)Wild stock. Posted very good profit numbers today. Levels mentioned in chart.
Bajaj Finance | Descending Triangle & Bear Flag observedBajaj Finance shows dual pattern. One is a Descending triangle pattern implying a bearish outlook and the other is a Bear flag indicating bearish continuation. Both the pattern looks valid by breaking the common price of confirmation at 3380.
Descending Triangle: Depth of pattern looks to originate from 3760 towards the base of 3380, forming a considerable 380 points. Pattern is valid as price closed below 3380. Hence, technical target would be at 3000 based on the pattern. That accounts for a fall of little more than 10% from 3380.
Bear Flag: Depth of pattern looks to originate from 3525 towards the base of 3380, forming 145 points. Pattern is valid as price closed below 3380. Technical target would be at 3235 according to this pattern. That accounts for a fall of little more than 4% from 3380.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
