BAJFINANCE trade ideas
BAJAJ FINANCE - SHORT POSITIONThe market will continue in a downtrend, thus short position should be acquired in this scenario.
Support Level 1 (2410-2420)
Support Level 2 (2360-2370)
Final Support (2280-2300)
If the first target is met, i.e. 2360, then place a trailing stop loss and aim for the next target (2290).
Thanks
P
Stock: BajFinanceStock: BajFinance
Looking Bearish now. It was reacted at 23.6 Fibo Level
If Break 2415, Expect Further Downside with above marked targets 2259,2078,2000--
Dedicated to: Darshil
BAJAJ FINANCETHE STOCK SEEMS TO BE IN UPTREND FOR SHORT TERM , THE RESISTANCE NOW IS AT 2554 , IF CROSSED 2554 AND SUSTAINS WE CAN SEE THE RETEST OF VPOC AROUND 2714 LEVELS , ON SHORT SIDE IF PRICE SLIDES BELOW 2310 LEVELS WE CAN BUY ON RETEST ON SHORT SIDE WITH TARGET OF 2245 , OVERALL NIFTY SEEMS TO BE IN SHORT TERM UPTREND EVEN GLOBAL CLUES ARE POSITIVE HENCE TO GO WITH TREND ON CAN SEE HOW THE PRICE REACTS TO 2554 LEVELS IF SUSTAINS 2714 LEVELS WOULD BE AN EASY TARGET , WE CAN WAIT TO BUY AT RETEST OF AROUND 2554 LEVELS WE SHOULD NOT BUY AS SOON AS PRICE CROSS 2554 BECAUSE ITS A MAJOR RESISTANCE AS PER PREVIOUS HIGH THERE WOULD BE A SELLING OR BOOKING OF PROFIT AS STOCK HAS GIVEN GOOD RUN IN PREVIOUS DAYS . ITS A BUY ONLY ABOVE 2554 LEVELS , SELL ONLY BELOW 2310 .
VIEWS AND SUGGESTIONS INVITED
THANKS
Bajaj Finance giving confirmation for buyFrom the 15 minute chart of Bajaj finance, we can see RSI is giving positive divergence, and it has confirmed the buying. Second, Trend line for buying is also breaking, which can be confirmed from next candle. Third, the 5 moving average is also crossing the 10 moving average, which also shows indication to buy. Fourth, Hieken Ashi charts has also showed buying.
I have marked the stop loss on the chart, and first target. After confirming you may buy the stock with your own study.
Class A bullish divergence in Bjaj FinanceClass A bullish divergence in Bjaj Finance
Falling Wedge breakout
Good time to go long
BAJFINANCEAny entry above 2375 which is todays high can lead to 2415 to 2417 zone, which once cleared can see an upmove upto 2550`
As script is volatile, need to manage stop loss and enter at proper levels.
Bajaj Finance Trading Opportunities in the range 1915-1955There have been multiple support on weekly charts of bajaj finance in the range of 1907-1955 one can look for trading opportunities at those levels with a price target of 2080-2132.
Short Bajfinance Short Baja Finance on basis of Cypher Pattern Completion.
Stops and Target are mentioned in chart
BAJAJ FINANCE POTENTIAL HEAD AND SHOULDERS BUY OPPORTUNITYBAJAJ FINANCE STOCK MAY FORM POTENTIAL HEAD AND SHOULDERS FORMATION ON H-1 CHART. IF OUR PREDICTION IS RIGHT THE CHART HAS FORMED NECK LINE OF THE HEAD AND SHOULDERS PATTERN. AGGRESSIVE TRADERS SHOULD PREDICT AND LOOK FOR ENTER LONG AROUND RIGHT SHOULDER (INR 1865 TO 1845 RANGE). WHERE AS CONSERVATIVE TRADERS SHOULD WAIT FOR CONFIRMATION OF FORMATION TILL IT FORMS RIGHT SHOULDER AND BREAKS THE NECK LINE, THAN THEY HAVE TWO OPTION TO ENTER LONG
1) AGGRESSIVE ENTRY LONG AT BREAK OF THE NECK LINE (INR 1932 TO 1935 RANGE) OR
2) WAIT FOR CHART TO BREAK UP SIDE THE NECK LINE AND ENTER AT RETEST OF THAT NECK LINE (INR 1932 TO 1920 RANGE)
BUY ENTRY: INR 1865 TO 1845 (AGGRESSIVE ENTRY AT RIGHT SHOULDER)
STOP LOSS: INR 1780 (BELOW HEAD)
TARGET-1: INR 1932 (RETEST OF NECK LINE)
TARGET-2: INR 2060 (MEASURED MOVE AS PER HEAD AND SHOULDERS FORMATION)
Bajfinance - Looking for rejection from the topAfter a good rally, Baj Finance goes for correction, watch out.
expiry bet Bajfinance target 2050 plusI think in this counter shorts will be butchered.
Minimum target of 2000 plus
Risky bet. ATB
Bajaj Finance Levels to watchout for - BearishBajaj Finance has been hit the worst in the recent selloff.
Its Trending Downwards with volume increasing every day.
1830 was/is Important weekly support zone but looking at the volume and strength of this trend it seems that the stock will continue down towards 1600.
Next weekly support is 1600. If you are looking for a meaningful bounce on this stock then it should be around 1600.
Daily / 4h RSI has to form bullish divergence for this stock to bounce at 1600.
If 1600 doesn't hold then this stock must test 1300-1200 zone. It would be fast and most likely be capitulation which marks the bottom.
Bajaj finance - wedge patternNSE:BAJFINANCE in detail
As per technically stock might seem bullish, research firms have given the target that it can reach 5800+++,
It might reach but still technically stock is in wedge pattern and travelling in final leg of the pattern (E(c)).
as per this pattern stock might complete by reaching 5200+++ and come down.
Let see what happens in future
Disclaimer - post are only for educational purpose
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Bajaj Finance vis a vis Bank NiftyBajaj Finance is at crucial juncture...this is relative strength chart of Bajaj Finance vis a vis Bank Nifty...any break in the redline open the fast correction in the stock for atleast 15-20%
Bajajfinance - Long positionWe were able to see a massive drop in Bajaj FInance today, expect a pull back for tomorrow up to 2100 levels. Please watch the targets
Bajaj Finance -
T1 - 2048
T2 - 2100
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We can simply see that Bajaj Finance would fall from its current level and hence the short term trend would be downward.
Long @ 2085This is a bit risky call so trade carefully.
TP1-2117, TP2-2125, TP3-2150.
Bajaj finance is also a good share to keep in your portfolio if it again comes down to 1950-2000 levels. If you like the idea then please subscribe and give a thumbs up to motivate me. Thanks.
