This chart displays the technical analysis of Bajaj Housing Finance Ltd. on a 1-hour timeframe. The price action is currently forming a symmetrical triangle, indicating consolidation after a sharp upward movement.
Key Observations:
1. Support and Resistance Levels:
2. Breakout Potential:
3. Volume and RSI:
Conclusion:
The stock is at a critical juncture. A decisive move in either direction will determine its next trend, with ₹174.30 as the immediate resistance to watch for a bullish breakout or ₹150.00 as support for a bearish move.
Key Observations:
1. Support and Resistance Levels:
- Immediate Resistance
- Immediate Support
2. Breakout Potential:
- Upside Scenario:
- Downside Scenario:
3. Volume and RSI:
- The volume shows a recent spike but has diminished, indicating a potential breakout soon
- The RSI seems to be near oversold levels, suggesting that the stock might be poised for a rebound if buying pressure increases.
Conclusion:
The stock is at a critical juncture. A decisive move in either direction will determine its next trend, with ₹174.30 as the immediate resistance to watch for a bullish breakout or ₹150.00 as support for a bearish move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.