BAJFINANCE trade ideas
Bajaj Finance :: Taking Support at 50DEMA on weekly basisBajaj Finance is taking good support at 50DEMA on weekly time frame along with Fib level of 50% retracement.
Any closing above 4752 will confirm the trend reversal and stock will see new highs...
Note: This analysis is only for educational purposes
Bajaj finance Daily Chart Bajaj finance has completed all 5 waves in Daily Time Frame, after completing 5th wave, it has also unfolded Corrective ABC waves upto 0.50% Fibonacci levels and now Tooked Support on that level along with BKP forming on same time frame.
Now on Hourly Ripple time frame there has been spotted 2 higher Lows too, waiting for BBC on Hourly chart which may confirm only above 4775, One can go Long with Stop-loss of Breakout Candles Low or nearest Swing Low, also can do pyramiding above Upper Trendline Breakout and Horizontal B level Breakouts.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
BAJAJ FINANCE Intraday Analysis for 30th March 2021Hello Traders.
I am expecting a bearish momentum on bajaj Finance & I have also shared my analysis.
In this analysis once bajaj finance opens in flat one can enter sell position & it can help to achieve decent profits on today's market.
I have given clear SL , entry & Target 1 & Target 2.
Hope this will help in banking some profits if market moves in the favor.
Wealth maker bajaj financeAs you can see bajaj finance is on the support of
50 day Ema in 1h time frame if it breakout from it
Above resistance so we can see a big move but we have to ready for both up and down side
If it break it's 200 ema so it can reach its next support
This is just for learning purpose plz do your own research