Bajaj Finance (Daily)
1. XABCD - B is taken out means the Bearish harmonic Pattern is triggered.
2. Now it must defend 6,125 to chart ahead towards 6,400+ territory.
3. 6,125 (+/- 25) zone is a confluence of Fib + 7th March 2022 Low (Line Chart basis).
4. 25EMA and 21EMA are parallel (not yet merged) which will provide a base for the move upwards.
5. Thus we have a solid base for the counter to go up.
1. XABCD - B is taken out means the Bearish harmonic Pattern is triggered.
2. Now it must defend 6,125 to chart ahead towards 6,400+ territory.
3. 6,125 (+/- 25) zone is a confluence of Fib + 7th March 2022 Low (Line Chart basis).
4. 25EMA and 21EMA are parallel (not yet merged) which will provide a base for the move upwards.
5. Thus we have a solid base for the counter to go up.