Bajaj Fiserv Ltd is currently engaged in life insurance, general insurance and consumer finance businesses and plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation.
In Bajaj Fin. Cup and handle structure/ Pattern on...
As can be seen in the chart NSE:AFFLE is forming Cup and handle formation. All the Levels are mentioned in the chart.
One can go long after a Successful breakout.
Disclaimer : For Educational Purpose only.
Cholafin made trendline and then in September stock touched the 623 level and stock reversed from the level,
Stock made cup pattern till now now the time is make a handle pattern so for tomorrow,
If stock goes down 610 and then reverse you can make the position in this stock for the target of 640.
What's your view on this comment below in the box.
This is what was posted on July 04, 2021 when Bharti Airtel was at 525
- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)
- the importance of 560 was derived from February 2021 month candle (Shooting star candle)- where the Open was at 559 and close was at 556 but intraday high was at 623.
Lt is giving us some signs to keep an eye on this.
Let's look at some views:-
One more View:-
Along with this i have plotted one more pattern i.e triangle pattern with price action.
2 Targets have been plotted.
Remember longer the target longer the wait time is..
Keep an eye ladies and gentleman.
Cheers and Happy Trading.