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...
EXPLANATION : This is a 30 min time frame chart of BAJFINANCE . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on BAJFINANCE . If give a strong breakdown and broke its trendline support & demand zone with high volumes and...
Many of us are waiting to mint money out of this stock when it start to reverse
But we all know it will not move when we expect that it will move now
So wait for the clear signal to entry
BAJAJ FINANCE , amongst the favorite counters to initiate a trade on the long side is seeing a different scenario now. With the 21-day lockdown, consumption has slowed down considerably, and discretionary buying is out of sight. With the economy now slowing down even further, the earlier growth rate is hard to achieve.The stock is having one of the most...
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