BAJFINANCE trade ideas
Bajaj Finance OBV ReversalDaily Chart.
Support 3100-2900
Resistance 3440-3650
Stochastic Oscillator (20,5,5) -- Over Bought
RSI (14) -- Over Bought
Again in contact with upper line in Channel
OBV Indications --
1. 19/03 to 29/05
Price fell from 2610 to 1814
Volume Increased continuously
2. 02/06 to 07/07
Price rose sharply from 1851 to 3353
Volume fell.
Therefore OBV Showed reversal around 26th of May. And again OBV showing Reversal aound 7th of July.
Above Indicators points towards short term consolidation or reversal.
Healthy discussion is most Welcome. Thank you.
Bajaj Finance accelerated provisioning for Covid19- BullishBajaj Finance informed on Monday it may consider additional accelerated provisioning for Covid-19 in the first quarter of fiscal year 2021 to further strengthen its balance sheet.
BajFin were moving between 200EMA (Resistance) and 100EMA (Support) and also following the levels on Fib ret.
Today stock made High above 200EMA but closed below.Today volume was 11.438M < 12.929M (20MA Volume).
Stock is outperforming Benchmark and Sectrol both index in 1 month and 3 month time period.
Showing BULLISH in all indicator:
CCI above +100
RSI near to overbought
Stoch in overbought
ROC is Trending UP
DI+ crossed 33 from below
Stock outperforming from Benchmark and Sectoral Index
Increase in Relative Strength - Benchmark/Sectrol Index
Aggressive New Long
White Marubozu
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Support : 3010
Breakdown : 3097
CMP : 3108
Breakout : 3128
Short Target : 3150 and 3200
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(Disclaimer: This is only for educational purpose.)
Bajaj finance rising againBajaj Finance is entering into 5th Elliot Wave. It will help in crossing 200 EMA also.
TARGET 1 : 3150
if sustain above 200 EMA,
TARGET 2 : 3400
STOP LOSS : 2800
Bajaj Finance Break out tradeBajaj Finance broke the consolidation zone tend to move upward.
Buy with Target : 3157 - 3190
Stop loss : 2541
BAJAJ FINANCE - LONG 1 HOUR SETUPBajaj Finance buy setup above 2955 for the 3120 / 3450, Support at 2755.
LONG : Stop loss : 3025 , Target : Till it touches green lines.LONG : Stop loss : 3025 , Target : Till it touches green lines.
SPOT:[Positional] BAJAJ Finance BUY above 3015, SL 2968 Tgt 3062SPOT: BAJAJ Finance BUY above 3015, SL 2068 Tgt 3062
Head and shoulder in Bajaj Finance.A head and shoulder pattern is being formed in the chart of bajaj finance. It has been trending in a channel and the tight shoulder will form
At the bottom of trendlyne, will the stock fall or rise from this level will be a good thing to see. Please share your views too.
Bajaj Finance - ElliotsTrying to convince myself that no further drop from the current market price.... don't know whether it will bounce back from the current level
BAJFINANCEKeep an eye on levels of 2770, once breached can see targets on downside upto 2728 and 2710.
Any bounce from 2770 can be played for 2828
BAJAJ FINANCE - LONG 1 HOUR SETUPBajaj Finance buy setup above 2955 for the 3120 / 3450, Support at 2755.
BAJAJ FINANCE - LONG 1 HOUR SETUPBajaj Finance buy setup above 2955 for the 3120 / 3450, Support at 2755.
BAJAJ FINANCE - LONG 1 HOUR SETUPBajaj Finance buy setup above 2955 for the 3120 / 3450, Support at 2755.
BAJAJ FINANCE - LONG 1 HOUR SETUPBajaj Finance buy setup above 2955 for the 3120 / 3450, Support at 2755.
BajfinanceI'm Novice, experts please correct me if I'm wrong.
On lower side: 2730
Upside target: 3300+
