Double Top Formation in Bajaj FinanceNSE:BAJFINANCE
Chart shows double top at hour chart with the Support at 6240
If support is broken then it have a disadvantage of double top at same time.
BAJFINANCE trade ideas
Bajaj Finance at long term support with Double TOP Formationbajaj Finance at good Support if breaks with good volume then it can be shorted or it can Test the Support and can FAIL the Double TOP Formation. NSE:BAJFINANCE
Bajaj finance Bajaj finance has given double breakout, one on daily basis and other on hourly basis, both breakouts are having good intensity of volume, as per wave structure it looks like 3rd of 3rd. all the indicators parameters are also aligned with positive situation, one can go long at these levels or in dips with key levels mentioned on chart
Key Levels are Mentioned on chart
Breakout with Good intensity of Volume in daily
Breakout with Good intensity of Volume in hourly
Macd in daily positive crossover and Uptick
Macd in hourly positive crossover and Uptick and also above zero line
Rsi in daily above 60 uptick
Rsi in hourly near 60
Dmi adx positive ungali setup in daily time frame
Dmi adx positive ungali setup in hourly time frame
Upper Bollinger Challenged in hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
BAJFINANCE - Reversal from here!!Watch the stock movement whenever it takes support of the 50ema.
Hoping for an uptrend from here.
View negated below demand zone close.
BAJFINANCE SHORTAs we can see trend line support has been broken on 4 HR chart it's going for a retest at below level
Bajaj Finance Ltd - Favours Shortshort below 6040 SL 6200
Target 15900,15600
wonder opportunity to short this stock don't miss
BAJFINANCE trade setupbajaj finance will reach 8000 before july,the correction we are seeing now is the powerful running correction.what happens after this correction is completed??? you will see in future.
Bajaj fin - late into a 5th wave. SellWave counts suggest we are deep into a 5th. Exit longs. Positionals can build shorts hereon
