W' Pattern Formation in Progress, Watch for Breakout! Exciting Movement Ahead this break out showing power and follow that pattern this is for learning education purpose
As of January 1, 2025, Bajaj Finance Limited (NSE: BAJFINANCE) is trading at ₹6,850.00, reflecting a 0.73% increase from the previous close of ₹6,800.00.
Support and Resistance Levels:
Daily Support Levels:
Support 1: ₹6,783.53 Support 2: ₹6,745.27 Support 3: ₹6,698.53 Daily Resistance Levels:
Resistance 1: ₹6,868.53 Resistance 2: ₹6,915.27 Resistance 3: ₹6,953.53 These levels are derived from the classic pivot table and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend
Immediate Resistance: ₹6,921.80 Short-Term Resistance: ₹6,980 Medium-Term Resistance: ₹7,051 Long-Term Resistance: ₹7,126 These levels are derived from recent market data and technical analysis.
#BAJAJFINSV stock looking good for swing. Reasons1. Stock took 20ema support on previous day with 1.81M volume. 2. Stock had given breakout from double bottom pattern and making W pattern ,bill run will continue till it reaches 1770 .
BAJFINANCE (Bajaj Finance Ltd.) on a 4-hour timeframe
Support Levels: Identify recent lows where the price has bounced back up. For example, if Bajaj Finance recently found support around ₹6,500, this level is important to watch for potential buying interest.
Resistance Levels: Determine recent highs where the price has struggled to rise further. For instance, if the stock faced resistance around ₹7,000, this level is significant for potential selling pressure.