BAJFINANCE trade ideas
BAJAJ FINANCE VIEWS FOR TOMORROWLOOKS LIKE IF BAJAJ FALLS BELOW 2830 then it can be a good short selling candidate, the resistance and support lines are given in the graph.
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JAI HIND
Bajaj finance - Elliots - jouney towards wave 5?I believe BF is in consolidation mode and expected to breakdown in a week time towards a journey of 3050.
Still in a learning mode...
Bajaj Finance intraday levels to trade on 30th Jun 2020Bajaj Finance intraday levels to trade on 30th Jun 2020
Bajaj Finance - Elliots - Short term down trendShort term down trend and expected levels - approx. Every dip is a buying opportunity. Still on learning phase - so please take your call
BAJAJ FINANCE BREAKOUT BOOM !!BAJAJ FINANCE BREAKOUT BOOM !!
As we can see inverse h&S formed & breakout done .
so in comming days 3100-3300 sell zone.
This chart only for educational purpose .
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BAJAJ FINANCEThe price has rallied up significantly in the past 3 sessions. A rounding bottom can be seen at the top of the trend further showing that a profit of Rs.30-40 can be booked if the market continues in an upward trend.
RESISTANCE LEVEL (2700-2710)
SUPPORT LEVEL (2660-2670)
If the price goes in a downtrend, wait for the pullback at the support level. RSI level is in the appropriate range but once it goes into the oversold range it can correct itself. Stop loss should be placed below the support level (2650-2655), away from the market structure
Thanks
P
Bajaj Finance - perfect entry level.Weak on charts, available at a good discount, a bright future for this stock. What else do you need? ;) NSE:BAJFINANCE
15mins Elliot counts15 mins count shows BF could push to 2750 and some retrace before going for a long....
Bajaj Finance - ElliotsElliots on BF - Small degree. Short term target looks 3200 as wave 3 should be longer one than any other waves. So counting wave 1 is 700 points.... counting this wave 3 should hit at least 3100 ~ 3300 range.
Support & ResistanceHey Guys, Please Support - Hit Like.
Financial sector will be weaker in near term, Although if you remain stock specific you can gain some short term benefit.
Here is an example of Bajaj Finance Ltd. One of the leading NBFCs. Price has break upper band of the Wedge pattern and RSI + MACD is giving Bullish indications.
When ever The price has come to the Demand zone it has shown Bullish reversal. I have Analyse Short term Up and Down Side. With RSI showing strength near term looks bullish and Targets can be achievable. But should exit before price reaches to the ultimate strong resistance from the past. There is not much to loose for an investor although price moves a little down because demand zone has prove that there will be a reversal at the level shown on the chart. Low Risk High return.
Thanks.
BAJAJ FINANCE TECHNICAL ANALYSISOnly trade when you understand the concepts.
Also note,
Negative divergence on 5 mins chart on MACD.
Negative divergence on 15 mins chart on RSI.
Negative divergence on 1 hour chart on RSI. Shooting star on 1 hour chart.
LONG TRADE - BAJAJ FINANCEBajaj Finance Ltd = Buy Above 2505 , For level 3010 - 3050 , keeping support @ 2225
Risk :Reward = 1:2
** This post is for educational purpose only. Kindly concern with your advisor before investing in market-related instrument. **
