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Technical Analysis of Bajaj Finserv (BAJAJFINSV): A Bullish BreOverview and Key Observations Bajaj Finserv has recently shown signs of a bullish reversal after breaking out of a classic double bottom pattern, a strong indicator of upward momentum. The neckline at ₹1,680 was breached with significant volume, confirming the breakout. The current price of ₹1,735.20 positions the stock above this critical support, establishing a solid base for further upside. The pattern suggests a measured target of ₹1,800, aligning with intermediate resistance levels. Support and Resistance Levels The chart highlights the following critical levels for traders: Support Levels: ₹1,693.73: Immediate support just below the current price, ideal for pullbacks. ₹1,652.27: Intermediate support aligning with prior consolidations. ₹1,630.13: A deeper demand zone marking the bottom of the previous accumulation phase. Resistance Levels: ₹1,757.33: The immediate resistance that needs to be breached for continued upside. ₹1,779.47: A key resistance level and the target based on the double bottom pattern height. ₹1,820.93: A stronger resistance and the next major target for the stock. The stock currently faces resistance near ₹1,757.33, and a breakout above this level with strong volume could open the doors for a rally toward ₹1,779.47 and ₹1,820.93. Volume and Momentum The breakout candle exhibited a notable surge in volume, validating the reliability of the bullish move. However, subsequent candles show declining volume, suggesting mild consolidation near resistance. Momentum indicators such as the RSI and MACD need to be monitored for confirmation of continued strength. If RSI remains below 70, there is room for further upward movement. Trading Strategies For swing traders, entering long positions near ₹1,700–₹1,720 on pullbacks or above ₹1,757 after a breakout offers good opportunities. A stoploss at ₹1,669, below Support 1, ensures risk is minimized. Targets include ₹1,757.33, ₹1,779.47, and ₹1,820.93. For shortterm traders, a failure to sustain above ₹1,680 could indicate weakness, with downside targets of ₹1,652.27 and ₹1,630.13. Summary and Outlook Bajaj Finserv is exhibiting strong bullish momentum backed by technical patterns and volume. The immediate focus is on clearing the resistance at ₹1,757.33 to confirm further upside toward ₹1,779.47 and ₹1,820.93. Traders should remain cautious of a potential retest of the ₹1,680 support zone, which would act as a critical level for invalidating the bullish setup. With strong risk management and a focus on key levels, this setup offers a promising opportunity for both shortterm and longterm gains.
NSE:BAJAJFINSVEducation
by ruelfernandes
Analyzing BAJFINANCE: A Simple BreakdownOverview The price action around the ₹7,440 resistance level tells an interesting story. Initially, the price broke above this key level with increased trading activity (volume), signaling strong buying interest. However, it couldn’t stay above ₹7,440 for long and fell back below the resistance in the following sessions. Despite this, the selling pressure was weak, as shown by the lower trading activity during the drop. This suggests that sellers weren’t very aggressive. Signs of Buyer Strength One important observation in the circled area is that the price has been forming higher lows. This means buyers are stepping in at slightly higher levels each time, showing they are still interested. The latest green candle, which has a noticeable increase in volume, further supports this idea. It indicates that buyers are regaining control and may attempt to push the price higher. Was It a Failed Breakout or a Retest? While the first attempt to break ₹7,440 failed, the price hasn’t fallen much. Instead, it seems to be consolidating in a range, with strong buyer support around ₹7,200–₹7,300. This could mean the price is preparing for another breakout attempt, making this a potential retest phase rather than a complete failure. What to Watch for Next The next big signal will come if the price closes above ₹7,440 with strong trading activity. This would confirm a successful breakout and could lead to further upward movement. Until then, traders might want to wait for clear confirmation to avoid getting caught in a false signal. Study The circled area highlights a battle between buyers and sellers. While the initial breakout failed, the price has shown resilience by holding above key support levels. If buyers continue to gain strength and push the price above ₹7,440, we could see a bullish trend emerge. Until that happens, patience is key.
NSE:BAJFINANCE
by ruelfernandes
Bitcoin major sign of Stop loss hunting and dump seen!!!This is educational post and i am making it short this time with one example which happened at 13/Jan/2025 as you can see previous time we had same scenario but they did hit stop loss of sellers + buyers and how is that ? price was breaking 90K$ support zone which is strong and major support for BTC in lower time frames as you can see at that time and it breaks that immediately after hitting so many stop loss of buyers below 90K$ and get them out of their buy positions it pumped and start to rise also it hit so many stop loss of sellers with high leverage which sell the Bitcoin below that support zone and they were looking for the upcoming dump after breakout but it didn't happen and both sides get loss and someone's loss is some others profit and this high volume there is reason of that and after price pump above we can see more gain also appear due to that good stop loss hunting and it seems that we have the same scenario now happening but this time it seems that Resistance and ATH resistance zone is breaking so take care. How to find out if the breakout is valid or is it fake breakout ? 1. let it breaks the resistance or support with at least +-3% as confirmation. 2. after breakout wait for retest of breakout and let it retest previous support for example and see if it turns to resistance zone this time. 3. high volume is needed after 2-3 next candles after breakout + breakout candle. I think we may have another fake breakout and soon price will fall and dump hard and this is my thoughts. So always do your own research and DISCLAIMER: ((trade based on your own decision)) <>
Education
by MMBTtrader
25
Bull Flag on BTC Daily!!!The cryptocurrency market is once again at the edge of a seismic shift. Following the recent uptrend, Bitcoin (BTC) has established a formidable Bull Flag on the daily chart. By utilizing a trend-based Fibonacci extension on top of the current Bull Flag, we can identify the coveted 'golden pocket' positioned at $126,000, with the subsequent target level at an impressive $185,000. If historical patterns hold true, this year is set to be another record-breaking period for Bitcoin and the broader crypto market. Investors and enthusiasts alike should prepare for a potentially parabolic movement. Fasten your seat belts, an exciting journey awaits.
Long
by impossiblebull
HelenP. I Gold will break support level and continue to fallHi folks today I'm prepared for you Gold analytics. This chart shows how the price rebounded from the trend line and started to grow to support 2, which coincided with the support zone. When the price reached this level, it broke it and rose a little more, but soon turned around and made a correction movement to the trend line, breaking support 2 one more time. Later, Gold rebounded from the trend line, broke the support level one more time, and continued to move up. In a short time later, the price rose to almost support 1, which coincided with one more support zone, and then dropped to the trend line. Price some time traded near the trend line and then quickly backed up to support 1. When Gold reached support 1, it broke it and rose a little more, but recently XAu turned around and dropped back to the support level. At the moment, the price traded near this level and I expect that XAUUSD will fall to the trend line, breaking the support level and then making a small move up. After this, the price turned around and continued to decline, breaking the trend line too. That's why I set my goal at 2660 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
7
TRUMP - High volatility, no highs to be seen - yetIt looks as though the TRUMP coin is trading within a range. Lots of chop, but no clear sign of a breakout to the up or downside. The recent red candle shows an 85% correction in one day. That's hugely impressive and will low liquididy this 'meme' coin could also fall off a cliff to the same degree. Sorry but there's too much at risk here, especially being connected to geo-political events and instability. Either way, it looks to be bouncing off the bumbers for now in a succinct WXYXZ fashion. Either trend line breach will signal a higher high or lower low. Follow and share for more.
by cryptechcapital
1
Is This the Most Perfect Bollinger Band Breakout Ever?I’ve been keeping an eye on XCN/USDC, and this latest move is something else. After a sharp drop that looked like a liquidity grab, we’ve seen a stunning recovery and breakout above the upper Bollinger Band. Could this be the start of something huge? This kind of setup has the potential to keep running, and I wouldn’t be surprised if we see new highs soon. Is this the strongest bounce we’ve seen in weeks, or do you think there’s more consolidation ahead? Drop your thoughts, follow, and share for more insights like this. Let’s see where this takes us!
by cryptechcapital
GALA/USDT BREAKOUT: READY FOR A 100%+ PUMP!!🚀 Hey Traders! 👋 If this setup has you pumped, smash that 👍 and hit Follow for trade ideas that actually deliver! 💹🔥 GALA: Breaking Out and Ready to Fly! 🚀 GALA has just broken out of a symmetrical triangle on the 8-hour timeframe, signaling a potential 100%+ pump from here! Now’s the time to position yourself for the next big move. 📊 Trade Setup: Entry Range: CMP (Current Market Price) and add more up to $0.039 Targets: $0.048 / $0.057 / $0.068 / $0.085 Stop Loss: $0.036 Leverage: Use low leverage (max 5x) 🔥 Why GALA? This breakout could be the start of a major rally, and the risk-to-reward here is highly favorable. Don’t miss out on this opportunity! 💬 What’s Your Take? Are you bullish on GALA’s breakout potential? Drop your analysis, predictions, or strategies in the comments below! Let’s navigate this market together and secure those gains! 💰🚀
Long
by CoreCrypto1
Bitcoin - This Month Will Decide Everything!Bitcoin ( CRYPTO:BTCUSD ) is still rather bullish: Click chart above to see the detailed analysis👆🏻 In December of 2024, we saw a little pause during the overall bullish crypto bullrun, which was actually quite expected after the recent rally of about +500%. This could still turn into a false breakout, but since everything looks rather bullish, new all time highs are much more likely. Levels to watch: $70.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
21
LQTY/USDT BREAKOUT ALERT: READY FOR 60-80% SURGE!!🚀 Hey Traders! 👋 If this setup gets you hyped, smash that 👍 and hit Follow for game-changing trade ideas that deliver results! 💹🔥 LQTY: Ready for Takeoff! 🚀 LQTY is looking primed for a big move! It just broke out of a falling wedge on the 4-hour timeframe and successfully retested it—setting the stage for a strong rally! 📈 Now’s the time to position yourself for the next leg up. 📊 Trade Setup: Entry Range: CMP (Current Market Price) and add more up to $1.98 Targets: $2.34 / $2.76 / $3.12 / $3.72 Stop Loss: $1.84 Leverage: Keep it low (max 5x) 💬 What’s Your Take? Do you see LQTY’s breakout potential? Share your thoughts, strategies, or predictions in the comments below! Let’s ride this wave and bag those profits together! 💰🔥
Long
by CoreCrypto1