BAJFINANCEM2025 trade ideas
Bajaj FinanceThe stock is forming higher lows, thus there's an opportunity for buying on lows. A good buy around 5907.45 with half quantities and adding more half quantities after the breakout of 5989.95 level with a good risk reward strategy for targets 6138.10 and 6312.50.
Trade wisely at your own risk appetite,
Good luck, Jai Hind.
BajajFinance Bajaj Finance gives breakdown of previous level but not sustain below that and gives V shape recovery
Now there are two things -
1. This V shape recovery is a Stoploss Hunt for seller which is negative for stock
2. This is a Breakdown Failure which is positive for stock
we consider that this is breakdown failure not stoploss hunt because of RSI gives breakout and close above 50
if stock retrace to breakdown level and creates a bullish candle stick pattern we saw 6100 level in few days.
Second thing is trendline from top and stock taking rejection after breakout of trendline confirmation is 80% until confirmation is only 50%
BAJAJFIN SL longIt was long based on 60 min a higher time frame,but type 2 zone in hourly
Daily demand was below and this was half till the daily demand, should have been avoided this demand zone
15 min demand was there but type 2 only.
The zone would have worked if the whole market was not coming down. Since the whole market was coming down, this execution zone was not at all respected, But it has taken a just above the daily demand zone and bearishness is slowing down, let's see how it reacts tomorrow, so far -11k loss.
BAJFINANCE BUY The stock is getting ready for a fresh breakout . Last two days price action has been positive and volumes are seems to expending accordingly other parameters like MACD and RSI are also looking good going ahead ago going ahead. A good move may be seen in this small resistance lies at 5750 above is the clear sky. 5200 seems to be a good support level. So one can initiate buy on this Bajaj finance with a very deep stoploss of 5200 and this is for the long term period. Holding stock from Blazzing Bulls.
Thank you