The chart of **Bajaj Finance Ltd. (NSE: BAJFINANCE)** on the **weekly timeframe** shows a **recent breakout from an ascending triangle pattern**. ### **Ascending Triangle Pattern Breakout:** 1. **Structure of the Pattern:** - The **horizontal resistance** zone (highlighted in blue) was previously tested multiple times, around **7,768 - 8,000**. - The...
Chart Analysis & Trade Setup Stock: Bajaj Finance Ltd (NSE) Timeframe: 1W (Weekly Chart) Technical Analysis: Resistance Zone (Orange Region): The price has faced multiple rejections in this zone historically. The stock has now broken above this resistance, signaling a potential breakout. Support Levels: Purple Trendline: Long-term ascending trendline acting as...
This chart indicates a possible *Inverse Head and Shoulders* (H&S) pattern forming in IRCTC on the daily timeframe. Here's the analysis and trade advice based on this setup: ### **Pattern Identification** 1. **Left Shoulder**: The first dip followed by a recovery. 2. **Head**: A deeper dip forming the lowest point in the pattern. 3. **Right Shoulder**: A higher...