BAJAJFINSV | Daily TF | C&H patternBajaj Finserv Limited
Sector: Finance | Timeframe: Daily | Bias: Bullish
Setup Type: Cup & Handle Pattern
Bajaj Finserv looks to be forming a classic Cup & Handle pattern on the daily timeframe after a sharp correction and strong recovery from the 1600 zone. Price has reclaimed short-term momentum and is now approaching the key breakout resistance near 1870 .
The handle formation is getting tighter while RSI is showing bullish recovery with a potential breakout from the falling trendline, indicating improving strength in momentum. A sustained move above 1870 can trigger fresh buying interest and open the path towards the 2200 zone in the coming weeks.
📌 Trade Setup:
Buy above: 1870 breakout & closing basis
Target: 2200
Stop Loss: Below 1730
Pattern: Cup & Handle Bullish Continuation
The longer the base formation, the stronger the potential breakout move. Volume expansion on breakout will be the key confirmation to watch.
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⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.
Long
