BAJFINANCE - Ready To Bounce from LongTerm Support Area
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.
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