Bajaj Finance looks weak if sustain below 7180 for marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Post covid we are seeing Bajaj Finance going up forming double correction WXY on primary degree.Currently we are done with wave W(Zigzag correction) followed by wave X(A expanded flat) and right now we are in the making of neutral triangle pattern of which wave A,B,C are done wave D is going on which can take prices to 6350 levels,post which we can see bounce in...
Bajaj Finance has shown following patterns:
13 Dec - Bearish engulfing pattern.
15 Dec - Three black crows . Back to back bearish candles with a gapdown open on 15 Dec.
16 Dec - Forming a small green candle, forming a Harami pattern.
Price is also below support of 7050.
What do you think? What will be the followup?
Buying zone spotted in Bajaj finance. after downgrade rating by Jeffries stock showed a 10% correction. In today's volatile market stock is still holding in green, buying zone is spotted in the chart with good volumes, time to accumulate in 6900-7000 range with a stop loss of 6800 for an upside target of 7250-7350.
NSE:BAJFINANCE
The chart shows the Triangular pattern and the candle seems to take support from the Trendline. Else if the Trendline breaks, There are chances of Further Bearish Movement.
Not being able to see the obvious is our common mistake.I am seeing this correction only an opportunity(investor/trader should wait for its completion.Smart traders can make some money on the downside also).Not likely to stretch than the path shown. After that - It has more legs to go up & up & up.... DISCLAIMER:This is my personal view not a...
. 1hr,30min,15min price breaks down side trend line
. so sell below 7034
. and also sell below 7200 level ,any bearish pattern
.for targets you can use pivot levels
. only for learning purpose....
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Details are mentioned on the chart. If doesn't sustain over breakout area, may fall to the indicated levels.
Only for learning and sharing purposes, not a trading recommendation.
All the best.
![BAJFINANCE: [POSITIONAL] BAJFINANCE LONG BET](https://s3.tradingview.com/z/Z7A2DNdj_mid.png "[POSITIONAL] BAJFINANCE LONG BET")
