BAJFINANCE trade ideas
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
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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. **
Bajaj finance chart for longterm investmentOverall its in buy .............but present situation is sell in weekly chart.Its a Automated chart Which will show you the analysis easly!!!!
# Try shanky buy sell signal Indicator and see the result.
Buy The Dip Mode again ....
First target 3030 may pull back to 2414 if you fancy your luck at intra day , however following up to the earlier HTF graph
2793 is probably around where we pull back from our rejection of 3030 .
From there i recon its full power ahead as we smash the 200 day and make for 3460.
on a side note :
good is the enemy of the great ???? what does their motto mean ???
Love that Monthly March Candle ! BTFDEach graph to me is a story with the March candle i could just imagine how many people got screwed over and must be cursing ever having bought into BF .
The question i ask myself is why do people not actively manage their portfolios and use stop losses?
Any ways this just tested 2548 resistance perfectly and now looking to flip it and go for 3030 .
In my opinion this would be a good spot to load up for the long term although i stay away from long term commitments :)
The 50 day acted as support and it bounced perfectly now attempting to break the 99 and 200 , i feel 3030 is where we the 99 day comes into play hence first rejection about there ,
Will post a LTF graph so its easier to understand.
Bajaj finance Intraday Trade setup for 15th juneHello everyone,
Bajaj finance is in a good place and the right script for Monday trade setup. set alert on these levels and add it in your watch list for Monday trade setup.
Bajaj Finance - Uptrend???Bajaj finance - hidden bullish divergence and towards Wave 5 in hourly chart
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).
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P
