Bajaj Finance Showing weakness on which There can be a correction coming out ! Points to analyse-
1. Bajaj Finance have a Double top Which indicates trend reversal or Correction. 2. Major Support / Roundoff Price / Fibonacci Comes at same levels with gives multiple confirmation of strong support ! 3. Also there is a little unfilled gap which can be filled this time if market corrects ! 4. Market is too up at this time after market averages - price have to come close to average to start new trend 5. There is a support nearby around 5330 If it breaks there are high probability that it can fall . 6. Even if we only follow Trendline after double top trend reversal indication the prices behaviour is to come near trendline !
That what i have analysed If you have any suggestion or queries please contact me freely on twitter or comments of this post ! Stay safe - Stay Healthy Namaste
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@T_Harth, In a way YES , But still it also failed to create a new Higher High!
T_Harth
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@harit123, Today Breakaway Gap and Bajaj Finserv (which moves along with Bajaj Finance) made New ATH today. So Bajaj Finance should also follow and make New ATH. Shorts RIP