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BAJFINANCE

#bajfinance Bajfinance on weekly chart is showing initial signs of reversal and personally anticipating a higher bottom on weekly timeframe which is also at a good fibo support zone and can potentially provide a start of formation of Weekly double bottom or (W) pattern, also stock is nearing its 200 weekly ema which has acted as good investment / accumulation zone in past. On daily charts, it has formed a Bullish Harami candle stick pattern in a downtrend, a breakout of which is still awaited and that can give confirmation about the reversal on daily charts. Keeping this in radar
NSE:BAJFINANCELong
by aktradelearning
Triangle consolidation in Bajaj Finance.Bajaj finance has been forming an inside candle and is consolidating in a descending triangle patter. The stocks has been trading around its 20 ema on the hourly time frame. The volume are falling and the triangle break out with high volume can initiate a swing as well as intraday trade. On 15 minute time frame analysis, the moving averages are close together and the stock has closed near the levels. Support :- 7160, 7050 Resistance :- 7310, 7500 The stock option and stock can be traded as the month as just started and the time decay will not eat away the gains. Wait for the price to break out of the triangle and let the price action formation near the price levels.
NSE:BAJFINANCE
by Mambotrade