Hello guys here I am sharing the daily chart of Bajaj Finserv (THE GIANT) for why it falling down massively and giving one by one negative breakdowns on chart, So we can see after making a all time high touched to it's 20 day EMA taking support but gives a breakdown as closed below and started consolidation and taking support on 50 Day EMA but at the end gives another breakdown of 50 EMA and closed below after the same mentioned above it did same with 100 EMA and gives a final and major breakdown of below it's 200 EMA so by the example of this chart we can understand the behavior of falling stock no matter how good the stock is and how much strong fundamentals it is having as a part of trader we can easily avoid the setups like this one more thing by from this chart we can better understand the much importance of Moving Averages in trading because it's gonna keep us from getting trapped from a weak setup because in stocks what looks cheap is about to get more cheaper. Thank you Trading view for giving us such a wonderful platform like this from which we can share our view and idea to community maybe one can get help by this by chance #TRADINGVIEW
IMAGE WITHOUT EMA FOR BETTER READING
IMAGE WITHOUT EMA FOR BETTER READING
Kommentar:
LONG SUPPORT BREKDOWN
Kommentar:
KEEP A WATCH FOR COMING WEEK🤝✌️