BAJAJFINSV
BAJAJ FINANCE LTD#BAJAJ FINANCE LTD Hello trader, I hope are good and safe. Today I opened the chart of #BAJAJFINANCE for 15 Min and analyzed it then I see that this chart has made a BEARISH PENNANT, So I hope #BAJAJ FINANCE will go downside,
Now Nice opportunity for short.
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The cost of IGNORANCE: personal example, 10k profit vs 9L profitJust this morning, @AVENUESOFINVESTMENT told me of how he found 50 shares of NSE:BAJAJFINSV that he had sold back in 2013. Those shares would have been worth 9L today! We sold it for 30k, with a profit of no more than 15k or so. But if we had held on to them till date (considering that it's an investment), the position would be worth around 9L! This is why it's important to be aware of basic fundamentals and technicals and, more importantly, to be money-minded. Happy trading and investing!
#KPRMILL #BLOCKCHAIN #NFT #SHIBAINU #iot #ml #clothing #fashionKPR Mill Ltd.
NSE:KPRMILL
NSE:KPRMILL
CMP: 494.10
Target 1: 585
Time frame: <3months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Buttefly Pattern in Bajaj FinserveBajaj finserv is in the super uptrend and looks like overbought on the monthly and weekly chart.
We can also see some negative divergence on the daily chart.
And if I go down to the hourly chart I can see it forming a Bearish Butterfly pattern.
The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C, and C-D.
It helps you identify when a current price move is likely approaching its end.
The Butterfly is a reversal pattern that allows you to enter the market at extreme highs and lows.
As we all know, Bajaj Finance is trading at extremely high levels, spotting this pattern can be a real deal.
This pattern suggests two resistance zone as it might see a sharp sell-off from there, which would definitely scare the weak hands.
Resistance zone 1: 17655 - 17716
Resistance zone 2: 17978 - 17992
This is a contra trade, hence risky, and should be traded with strict SL.
This is purely an educational post and should not be considered as a piece of advice to trade in the stock.