#bajfinance
An "ABC" correction ended & "C" wave's "12345" ended in this highly traded stock.
#Elliottwave captures Nature's law, human actions in a collective way
and,
in Top gainers' https://t.co/9bw8A0tgUp

Visit my old blog & read years of posts to understand- https://t.co/SPtvD7pPFd

Spend few months to pour over many subjects of #Technical & #Elliottwave - then only, you'll be able to understand whatever is being posted here
I spent 30 years
How many years you're willing to spend

Why does a stock not go up or sustain gains despite "Day" Trend indicator (Macd) displays +ve div & moves higher ?
Why does another stock with similar Macd set up go up & sustain it's gain & even makes ATH
What is being missed here?
How to choose a stock that will sustain gains ?

Oftentimes, in our rush to study many stocks, we miss the most important & "elementary" factor.

A simple one, "IF" not taken seriously, we end up with a stock that promises but does not deliver and miss the one that has the potential.

Know this & you'll be on the winning side🙂

Why ?
Always give weightage to "higher t/f".
Here, when you look at a Day chart, check to see what the week says.
#Hdfc week says, it's weak, trending down & below the trigger.
So does, #nifty50
When week Macd is down & below trigger, Day Macd being up will have not much impact.

How ?
When you give weightage to "higher t/f" & then look at Day chart, you align with higher force
#Tataconsum week says, it's strong, trending up & above the trigger
So does, #Tatasteel
When week Macd is up & above trigger, Day Macd being up will align with higher divine forces

Give weightage to "higher t/f" & then look at Day chart, aligning with higher force
When week Macd is up & above trigger, Day Macd being up will align with higher force
Following list(out of 50 being followed) shows strong, trending up, Neutral & Weak, trending down
Choose wisely

Bajaj finance , another bear flag in making ..

lets see how this breakdown happens

Bajaj Finance

Double Top Pattern Target Acting as a reversal zone

Bajaj finance is 32% down from ATH
14 Jan 2022 ₹8050
14 may 2022 ₹5500

Volatility is part & parcel of investment

In last 4 years it's 3 Dip

24 Aug 2018 ₹2950
05 Oct 2018 ₹1920

29 Feb 2020 ₹4880
29 May 2020 ₹1900

Yet it's a 100X(in 12 years)

Need Nerves of steel.

#BajajFinance

Chart which has closely mimicked the Nifty move since the start of October'21 correction, has made a higher swing high yesterday.

Nifty is yet to make higher swing high, but still looks promising.

#Bajajfinance #bajfinance

at long term trendline support on monthly chart connecting 2009 & 2020 bottom

if breakes then expect multiyear consolidation phase

#AhmedabadNest #analysis #StockMarketindia