By looking at daily chart shows a lot more clear vision of next moment for investors activities. The price is trading between value high to control price 1.
Scenario 1:
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
Scenario 2:
Lagging or late fall then price can move up for...
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BAJAJFINSV looking weak .
1.after a parabolic move
2.ab = cd leg complete ,
3. top of wedge
4. break from h&s top.
5. expecting to test levels 8580.
One of the most important part of stock market is identifying the next move , and usually they represent in the form of structure a visual identification
Most amature ( Tweeter ) traders try post after the effect ( the move done ) and they try to convince rest they know well ,
the fact is , no one has idea how one scrip ends , the only possibility is...
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hope...
a clean cup and handle pattern on weekly chart for bajajfinsv
Its going to re-test the neck line on chart soon .
after touching the neck line while re-testing its difficult to tell if its going to bounce or drop from there as doesnt have a very clear volume during breakout
suggestions - welcome - how do you read this chart ?
Thanks
cmp is 9110. we can see evening star pattern in bajaj finserv on daily chart. this is a very strong reversal pattern. downside can be seen till 9000 and if it continues then we can also see 8744 levels.
Bajaj Finserv is a classical example of why divergence can be tricky.
monthly RSI has been forming lower highs but PRICE has been making higher highs..
divergence works better on daily charts, especially triple or quadruple divergence
just something in noticed. please correct me if i am wrong.
Bajaj Finserv Ltd. is a holding company, which engages in the generation of electric power. The company also involves in lending, insurance, and wealth advisory businesses. It operates through the following segments: Insurance, Windmill, Retail Financing, and Investments and Others. The company was founded by Rahul Kumar Bajaj on April 30, 2007 and is headquartered in Pune, India.
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BAJAJFINSV
![BAJAJFINSV: [Intraday] Bajaj Finserv 3BB Trade](https://s3.tradingview.com/u/uz5ojmOv_mid.png "[Intraday] Bajaj Finserv 3BB Trade")
