https://www.tradingview.com/chart/g3pvAMci/
BAJAJFINSV : After almost 12% correction, this stock is breaking out at upper side with off-course massive Volume support.
While looking at mathematical price movement predictions, here are the HIGH, MEAN and LOW can be:
HIGH = 2040
MEAN = 1793
LOW = 1295
While looking at chart, it shows the latest Fibonacci retracement of 61.8% tested. While it is still above the psychological mark of 50% retracement, the other confluence factor can support in our bullish view.
If we look at RSI on daily timeframe again, it is touching the level of 60 which is a strong sign of fueling the bull. The current price is above the next psychological level of market which is 20-SMA.
In addition, it is also making Falling Wedge on daily chart which is also a mark of bullish reversal.
It is also a strong candidate of making 52w high and currently lagging with 5.4% from 52W high price.
One can look for an opportunity for a swing or positional trade in it.
BAJAJFINSV : After almost 12% correction, this stock is breaking out at upper side with off-course massive Volume support.
While looking at mathematical price movement predictions, here are the HIGH, MEAN and LOW can be:
HIGH = 2040
MEAN = 1793
LOW = 1295
While looking at chart, it shows the latest Fibonacci retracement of 61.8% tested. While it is still above the psychological mark of 50% retracement, the other confluence factor can support in our bullish view.
If we look at RSI on daily timeframe again, it is touching the level of 60 which is a strong sign of fueling the bull. The current price is above the next psychological level of market which is 20-SMA.
In addition, it is also making Falling Wedge on daily chart which is also a mark of bullish reversal.
It is also a strong candidate of making 52w high and currently lagging with 5.4% from 52W high price.
One can look for an opportunity for a swing or positional trade in it.
Telegram: t.me/StoxWare
Twitter: twitter.com/StoxWare
TradingView: tradingview.com/u/Stox_Ware/
Twitter: twitter.com/StoxWare
TradingView: tradingview.com/u/Stox_Ware/
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Telegram: t.me/StoxWare
Twitter: twitter.com/StoxWare
TradingView: tradingview.com/u/Stox_Ware/
Twitter: twitter.com/StoxWare
TradingView: tradingview.com/u/Stox_Ware/
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.