Bajaj finance continues its bullish trend.
Accumulation led to a Flag Breakout.
Consolidation at Flag is progressing within rectangle. Morning Star formation shows a bullish reversal may be forthcoming.
If the next candle opens in the green, higher levels should be expected.
Stop Loss should be maintained @3820.
UPL is in a deeper bear flag continuation pattern. The stock is approaching a key zone between 556 - 565. This will be the 3rd touch of the bear flag indicating pattern completion. If there are strong rejections at this area the stock can reserve and continue its move to the downside potentially till the 500 levels.
Sell Zone - 556 - 565
Traders should enter...
I will update BANKNITFY shortly.
As per technically, till there is not much positiveness on nifty nor in banknifty.
NOTE: For Live ALERT, Kindly hit LIKE button.
NIFTY is following as per my chart. please check below post also.
We have seen breakdown after (5) wave and fired move in downside which still unstoppable.
This channel is not much reliable target/support 11337 and Final support from measurement at 11212 nearby.
I have drawn the "FLAG PATTERN" in a chart which has still left more fall. It's a negative...
First of all, you must have FIVE minutes to understand.
Try to observe both patterns as mentioned following:
Flag Pattern (i) which is in the channel.
Flag Pattern (ii) with breakdown channel support.
There're total (5) channels in the chart but the 5th channel is different from all others. look at all Four-Channel having up-trend but 5th has a flat...
Just see the chart on weekly time frame.
if nothing negative come from market then it has potential to go for 34 Rs target. Short term target 1 is 16 rs . target 2 is 20 rs. Target 3 is 27 and then 30 and then 34
RELIANCE had been tricking our red zone from last month (Check related Idea's), Now its forming bearish flag right abv said zone , keep watch!
if you have any queries regarding above idea or any other stock feel free to D'M
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