Bajfinance has now broken the flag and again going to test the important level of 2450. It seems to bullish to us as it has broken a flag and trading above 2370. One can take long position around 2390-2400 with Stop Loss being below 2362 for upside targets of 2750 as shown on chart.
If it has to reverse, then it might reverse from 2418-2450 level. Hence if one is...
A long term bullmarket in Finance stocks may be coming to an end.
LICHSG confirms Bearish Head&SHoulder pattern by closing below its neckline(460).
SEll on rallies towards 460 and wait for targets of 398 and 355 on this stock with a closing stoploss above 485
This is a weekly chart of ShriRam transport Finance Limited.
As shown above stock has given a bearish Head and Shoulder pattern at all time highs on long term charts which signals the big rally it had may be coming to an end.
Sell stock on rallies towards 1180 1220. Positional targets are 940 and 880
BAJFINANCE (Bajaj Finance) Buy at 2765 with Stoploss of 2720 and Target of 2900.
BAJFINANCE is in an uptrend for a long time now. A Slight retracement is possible but the stoploss has to be kept on closing basis. Formed a Maribozu Bullish and ENGULFING BULLISH.
Trading has to be done after confirmation from your financial advisor only. We are NOT SEBI registered...
BajFinance is nearing flag breakout once again. One can go long on it with target as shown in chart, but make sure for the confirmation on any hourly candle close 2760-70 range.
Expecting BajFinance to be short tomorrow from this level of 2745-55. Expecting atleast 50% fibo move. One can take PUT also.. if high gets broken (which news suggest it can fly more) then only stop would be 2830-45..
BAJFINANCE is a buy as its near Support zone. Buy BAJFINANCE at 2295 with stop-loss of 2245 and Target of 2395.
Consult your technical/financial advisor before buying the stock. We are NOT SEBI Registered. Any calls taken on technical analysis are subjected to ownership of yourself.
