As I said in the last post of mine, that Bajaj finance has a good setup and can look for a breakout. Today the stock has given breakout above the swing high level of 3556.85 and given a closed at 3658 levels almost 100 pts up. Price closed almost near to high of the day. To find out the resistance level, I have drawn Fibonacci retracement level on the weekly chart as per that 61.8 level has come to 3735 levels. We can Target 3735 levels.
Bajaj Finance can be look for Intraday buy setup for tomorrow as well, Momentum should continue.
Please find below Weekly as well as Daily chart for your reference.
Bajaj Finance Weekly ChartBajaj Finance Daily ChartCheersSid
https://sidthapar.com/bajaj-finance-trade-setup-2/
In my earlier post date 19.08.2020, I have spotted a VCP pattern of Bajaj finance. This post is in continuation of above post. Look at the bar which closed today. Good trade will be coming. Keep an eye on swing high level of 3556.85.
Dear All,
For tomorrow, I have a mindtree on my radar for Intraday Trade. Price has given Breakout of earlier resistance level of 1160 and retested couple of times post breakout. There is a V pattern breakout also.
One can look for buy opportunity above the last swing high of 1183 for a possible target of 1215-35-60with sl 1160.
Pls find below chart for the same.
Mindtree 60 Mins ChartCheersSid
Dear All,
I have spotted Butterfly Pattern on Bajaj Finance Hourly Chart. Can be a good buy above 3415-20 for a target of 3540 with SL3340.
Please have a look.
Bajaj Finance Hourly ChartCheersSid
Dear All,
There is a nice trade setup in Bajaj Finance. Price is making higher high and higher low formation on hourly chart. VCP Pattern is clearly visible.
VCP Pattern by Mark MinerviniDuring a consolidation phase, Volume has also dried down.
A nice trade is about to come anytime soon.
Look for a breakout of price with volume expansion.
Chart is hereby attached for your reference.
CheersSid
