Bajaj Finance (Hourly) - Inverted Head & Shoulders Chart Pattern
Bajaj Finance (Hourly) - Inverted Head & Shoulders
Current market price - 7360
Target - 7813.20 (depth of the head)
Price has done breakout of the inverted head & shoulders chart pattern neckline
Bollinger band is challenged on the upper end
RSI is above 60
ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI)
All indicators / oscillators on the daily tide look good too
In fact, on the daily timeframe, the price has entered the 5th wave
Current market price - 7360
Target - 7813.20 (depth of the head)
Price has done breakout of the inverted head & shoulders chart pattern neckline
Bollinger band is challenged on the upper end
RSI is above 60
ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI)
All indicators / oscillators on the daily tide look good too
In fact, on the daily timeframe, the price has entered the 5th wave