Nifty, Banknifty and top stocks analysis for tomorrow + levelsToday saw a sharp first-half selloff followed by a 50% recovery in the PM session. Could this be the first hint of the beginning of a short covering by the bears? Either way, Nifty and Banknifty, along with large caps, might be at good levels for accumulation. What's your view?
Bajajfinance
Analysis on Bajaj finance Break down from the channel and get to retest
6000 possible within 3days and will be in range bound 5950-6250 just 300 points range
bounced from trendline support and psychological support
therefore, break out above 6300 target will 6700,6900 from fib A
at the same time, break down below 5900 target will be 5350
BAJFINANCE looks undecisive and could breakout either wayJust marking a couple of levels on the daily where the stock has been taking support(5925) and resistance(6223) multiple times now. We wait for a breakout on either side. A strong closing above or below these levels could trigger our entry but caution is advised as it's been stuck in this zone for a while now. Entry looks good with 1:3 being the minimum target. Lower SL Bigger Targets. Cheers and Happy Trading.
BAJFINANCE BUY The stock is getting ready for a fresh breakout . Last two days price action has been positive and volumes are seems to expending accordingly other parameters like MACD and RSI are also looking good going ahead ago going ahead. A good move may be seen in this small resistance lies at 5750 above is the clear sky. 5200 seems to be a good support level. So one can initiate buy on this Bajaj finance with a very deep stoploss of 5200 and this is for the long term period. Holding stock from Blazzing Bulls.
Thank you