Sometimes simple price pattern along with price indictors creates wonder if one combines it together! See yourself how we identified such a massive move in BAJFINANCE. Check out how we accurately predicted on the possible up move on BAJFINANCE which has rallied more than 7% in just 3 trading sessions.
We published about BAJFINANCE in "The Financial Waves Short Term Update" on 29th August 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.
BAJFINANCE Daily chart anticipated on 29th AUGUST 2024
Wave Analysis:
On the above chart, Bajaj Finance is forming classical triangle pattern since many years. Recently prices reversed from the trendline support and started moving on the upside which we have been saying in our past reports. As per wave perspective, we are expecting wave (E) to get complete on the downside but for confirmation we need follow up buying. As per technical perspective, Supertrend have also turned in green. Along with this, KST has already turned above signal line and now if it trades near zero line then further good momentum can be seen in this stock.
Key Resistance: 7300
Key Support: 6500
Strategy: Any break above 6950 can lift the price higher towards 7150 followed by 7300 as long as 6750 holds on the downside.
BAJFINANCE Daily chart Happened on 02nd SEPTEMBER 2024 
Happened – The stock has moved as we anticipated. Prices showed a rise of more than 7% and precisely achieved targets of 7300 and made a high of 7439 in today’s session. We successfully captured move of more than 7% in just 3 trading days and achieved our targets .
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