Bajaj Finance Limited is poised to give a breakout of a pennant pattern along with a pole, in a daily time frame chart. Therefore, a trader can place a long position with a stop-loss of 3823, and the first target as 4116, and second target as 4286
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.
BAJFIN VIEW : BULLISH
IF STOCK CROSSED 4100 LEVEL AND SUSTAINED THEN WE CAN SEE 4200 TO 4300 LEVELS SOON.
STOCK HAS FORMED POLE AND PENNANT PATTERN IN 30 MINS AND ABOVE TIME FRAME.
BEARISH ONLY IF BREAKS 3900 LEVEL.