BAJFINANCE trade ideas
BAJAJFINANCE - Elliott wave analysis - H&S pattern It completed ABC zigzag cycle in 4 hr time frame from Covid low point. The H&S pattern created at the top as the part of correction down. Sell on bounce near neck line for target below 5000.
Plz give a like if you agree with EW count.
BAJAJ FINANCE LTD DAILY BUYwww.tradingview.com
CMP : 5780 TO 5800
SL ON CB : 5532
TARGET : 5862, 5976, 6137, 6343,
STRICTLY FOLLOW SL ON COLSING BASES.
ALERT : Support on 5350 . A Very powerful support on 5350 .
Make Your Positions on the basis of Price Action .
Bajaj Finance is likely to consolidate nowVery High RSI and ADX. Bajaj Finance is likely to consolidate now.
PullbackIt breached its weekly and daily resistance and now about to retest it support . Basically change of polarity
Buying can be done on retesting
End of the bullish run which started post Budget?Friday's move of BajFin was little disappointing considering movement of Future Price. This may be beginning of end of bullish run which started post Budget. 5800 is expected post little consolidation.
flag breakoutprice formed flag and gave breakout and took pull back also, price is above 200MA, showing volumes, making all time high . with 8% sl can be taken position.
BAJAJ FINANCEBAJAJ FINANCE, 60 Min Chart.
It Could be a 2nd of 5th Wave
TARGET 5600++
Disclaimer
I am not SEBI REGISTERED Analyst.
My Studies are Educational purpose only.
Consult with your financial advisor before trading or investing
Stoploss 4680
Go long Double Bottom indicating trend reversal.... Expect following levels in near term .. 5180- 5489 - 5989
Bajajfinance - Elliott wave analysis - 5th wave upIt is in 5th wave up move of the cycle. The 2nd subwave correction is in progress and may take little more time to finish. Buy with stop loss below 4684 for target of new high above 5400 for 5th wave up.
bajaj financeat this time bajaj finance is top gaining company in India. every thing is scenes bullish and buyer are interested to move higher. so next few month its hit 5771 area and then pullback and go next top as mention 6864. see you soon stay with me for future update
Be BULLISH when the Daily candle closes above 5000.THIS IS BASED ON TECHNICAL ANALYSIS. THERE IS A 50EMA CROSSOVER. 5000 IS ALSO A ROUND FIGURE. LOT OF BUYERS WILL BE INTERESTED WHEN THE PRICE WILL CROSS 5000 LEVEL.
BAJAJ FINANCE, 60 Min ChartBAJAJ FINANCE, 1 Hour Chart
Possible Rounding Top, & also there is Possibilities of Horizontal TRENDLINE Support as well.
More BEARISH ONLY if it gives Closing BELOW 4820,
There is a Good POSSIBILITIES of BOUNCE BACK as well.
Disclaimer
Education purpose only
Consult your Financial advisor before TRADING OR Investing
BAJAJ FINANCE LOOK OUT FOR THESE LEVELS!!!
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
In 2 hours time frame, it is near by its 20 day ema and also taking support from 100 ema.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts - NOT ACTIVE IN THIS CHART.
2) TE-REKAB - PROPRIETARY INDICATOR
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Bajaj Finance Short TermBajaj Finance is in 5th Wave internal 3rd wave started so
very short term target is 5170,
very Medium term target is 5300.
