DAILY TECHNICAL ANALYSIS - TRIANGLE BREAKOUTBAJAJ FINANCE LTD (BAJFINANCE) — DAILY TECHNICAL ANALYSIS
📅 Date: June 7, 2025
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🔹 Price Action Summary:
• Closed @ 9371.5, up 4.9% from previous close
• Strong close near day’s high (9434) — signals renewed bullish interest
• Price broke out of a tightening range with solid momentum
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🔹 Chart Pattern:
• Triangle Breakout confirmed — directional move triggered after compression
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🔹 Why Watch This? – Technical Indicators:
Multiple momentum indicators are aligning to support the bullish case:
✅ Bullish Momentum
✅ Possible Breakout Zone
✅ Buy Today, Sell Tomorrow Setup
✅ RSI Breakout
✅ Bollinger Band Expansion
✅ TTM Squeeze – Compression Break Likely
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🔹 Support & Resistance Levels:
• Resistance:
- R1: 9578
- R2: 9785
- R3: 10136
• Support:
- S1: 9020
- S2: 8669
- S3: 8462
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🔹 STWP TRADE ALERT:
• Long Entry Idea: 9343
• Stop Loss (DCB): 8866
• Swing Stop Loss: 8859.5
• Reward Ratios: 1:1 | 1:2 | 🔼 Trail if price builds higher
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🔹 Watchlist Grade:
🔥🔥🔥 (Breakout Setup with Volume & Momentum)
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🔹 Strategy Note:
• Triangle breakout after consolidation = high R:R opportunity
• Great candidate for short-term swing trades or BTST setups
• Follow-through above 9435 could accelerate momentum
• Pullback near 9250–9280 zone may offer re-entry for latecomers
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⚠️ Risk Management Tip:
• Don’t chase price — plan every trade with discipline
• Always define your entry, SL, and target in advance
• Breakout trades require fast action, but tighter risk control
• Protect your capital — especially in high-beta stocks like BAJFINANCE
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📢 Disclaimer
This content is for educational and informational purposes only.
It is not investment advice, stock tips, or a recommendation to buy/sell.
Stock market trading involves risk.
Always consult a SEBI-registered advisor before making trading decisions.
The author is not SEBI-registered and is not liable for any trading losses.
Always do your own research.
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👇 What’s Your View? – Drop your view or chart in the comments:
• Are you tracking BAJFINANCE?
• Will this triangle breakout push price towards 9578+ or fizzle out?
• Have a different take? Share your thoughts!
💡 Let’s learn and grow together as traders.
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🧠 Trade with Patience. Trade with Confidence.
🔔 Follow @simpletradewithpatience for more breakout alerts and insights
