BAJFINANCE trade ideas
Bajaj Finance - Buyers taking charge MARKET COMMENTARY : Bajaj finance is clearly forming a rounding bottom formation on the daily candles, sustaining above 3400 level will take it further high up to 3800 level, the previous day closing & with the volumes coming in continuously at this level from past week is suggesting the buyers are taking charge with strong momentum.
APPROACH : Buy and trail in profit before any news comes in to impact either way, Maintain proper risk reward to sustain any sudden news.
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Bajaj Finance Ltd (Bajajfin - NSE) - stay short in bounce Bajaj Finance Ltd (Bajajfin - NSE) has completed ABC sequence down in 30 min time frame as W wave and now correcting up in X wave, where c wave will start soon. So it may be possible to make new high in X wave, so stay long with stops below 3183.50 for target of around 3430 or higher.
Triple Dhamaka is happening in Bajfinace #NiftyTriple Dhamaka is about to happen in Bajfinance be sure to Grab this opportunity, Check below :
1) Bearish Engulfing
2) Triangle Breakout
3) Volume & RSI Divergence
And moreover Option chain data also shows that writer is quite betting on CE side rather than PE side.
Bajaj finance Intraday for 23rd July Good Morning sir's
Today's first dish in our breakfast menu is Bajaj finance, Sitting on their Dynamic support daily and in a 4-hour time frame. Stock is damn bullish since June month but 1st Quarter Results has stopped the stock rally and stocks give a correction. but the news impact is always for a shorter time frame. anything can happen at this point. Support can break or stocks can give bounce from it.
Long
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Above: 3300
Sl: 3250
Target: 3360/3400/3430
Short
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Lower : 3190
Sl: 3240
Target: 3140/3100/3070