BAJFINANCE is moving in an up channel for a while. on the recent leg up, its flattening a bit, in a range.(and it can continue moving in a same small range even outside the channel, before it makes a move) right now on the edge of channel for a possible breakdown./ reversal
The stock has formed a beautiful Ascending Scallops pattern and closed above the pattern High on 16.02.17 thus initiated the buy signal. The patterns is very reliable so one can take advantage of it. The target would be around 1200. Theoretically one should provide the stop loss below 1040 on closing basis so one can enter now or on dips or modify the Stop Loss,...
The stock is in uptrend so one should follow the trend until it changes and try to enter long at appropriate level. The stock has formed a Broadening Formations and yesterday's Green bar and today's trading above it are indicating a potential long at this level. Stop Loss closing below the lower line.
BajFinance can give a long breakout Above 903.60 it can go to level Upside Level till- 924/942 Downside safe Line 879.50 Its a positional view..
Bajfinance is giving a long breakout above 867.50, above 867.50 it can go to the level 876/881 if do not break the level 859 on downside.
One can buy the stock for a target of 990. It is coming out of oversold zone made engulfing and the earlier engulfing made on 16.11.16 clearly holding the price. It seems good entry at current with affordable stop loss.
Bajfinance is giving short breakout below 835, below 835 it can go to 826/820 if do not break 842.50 on upside.