Bajaj Finance is taking support from the bottom of the channel.Bajaj Finance has again taken support from the bottom of the channel and is all set to make Higher High.
However, price may wait for the upcoming quarterly result which is to be announced on 24th July.
ENTRY, SL AND TARGET are mentioned in the chart.
Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.
Channelbounce
Cipla-Reversing from channel Support. Look for Long OpportunitieCIPLA.
Cipla - Daily Time Frame Analysis 📈
Technical Analysis:
1️⃣ Trendline Support
Cipla has been respecting a rising trendline support from the past several months, indicating a sustained bullish structure.
2️⃣ Breakout from Consolidation
The stock recently broke out of a descending triangle pattern with good volumes, signaling renewed buying interest.
The breakout level aligns with ₹1,534, and the price is trading above this level, suggesting the breakout is sustaining.
3️⃣ Resistance Le
Motherson Sumi - Reversal from channel bottom🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a
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