The chart shows Bajaj Finance Ltd. forming a 3-year long ascending triangle pattern, a bullish continuation setup.
Key observations:
1.Consistent higher lows indicate strong buyer support along the long-term uptrend line.
2.A bullish hammer candlestick suggests a potential reversal near the support level.
3.The stock has also formed a triple bottom near long term support making a confluence area.
Key observations:
1.Consistent higher lows indicate strong buyer support along the long-term uptrend line.
2.A bullish hammer candlestick suggests a potential reversal near the support level.
3.The stock has also formed a triple bottom near long term support making a confluence area.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.