The chart provided is a weekly candlestick chart for Bajaj Finserv Ltd (ticker: BAJAJFINSV) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Weekly - Data Range: From mid-2021 to mid-2024 Price Analysis: - Current Price: ₹1,601.70 - Price Movement: The stock has experienced significant...
BAJAJ FINSERV is currently in a bearish trend and is going to hit its immediate support zone of 1100 levels. For now, it is good to short this stock for some time till it reaches its support zone. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any...
Expecting further fall towards 11500 level which is at key support and weekly RSI showing strong bullish divergence. If price bounces up from key support then 15500 level will act as strong resistance level. If key support breaks then next support will be the trendline support around 8600 level. (Highly likely as it is overvalued and promoters are selling) Best...