Bajajfinance
Analysis on Bajaj finance Break down from the channel and get to retest
6000 possible within 3days and will be in range bound 5950-6250 just 300 points range
bounced from trendline support and psychological support
therefore, break out above 6300 target will 6700,6900 from fib A
at the same time, break down below 5900 target will be 5350
BAJFINANCE looks undecisive and could breakout either wayJust marking a couple of levels on the daily where the stock has been taking support(5925) and resistance(6223) multiple times now. We wait for a breakout on either side. A strong closing above or below these levels could trigger our entry but caution is advised as it's been stuck in this zone for a while now. Entry looks good with 1:3 being the minimum target. Lower SL Bigger Targets. Cheers and Happy Trading.
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
Bajaj finance Daily Chart Bajaj finance has completed all 5 waves in Daily Time Frame, after completing 5th wave, it has also unfolded Corrective ABC waves upto 0.50% Fibonacci levels and now Tooked Support on that level along with BKP forming on same time frame.
Now on Hourly Ripple time frame there has been spotted 2 higher Lows too, waiting for BBC on Hourly chart which may confirm only above 4775, One can go Long with Stop-loss of Breakout Candles Low or nearest Swing Low, also can do pyramiding above Upper Trendline Breakout and Horizontal B level Breakouts.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
BAJAJ FINANCE Intraday Analysis for 30th March 2021Hello Traders.
I am expecting a bearish momentum on bajaj Finance & I have also shared my analysis.
In this analysis once bajaj finance opens in flat one can enter sell position & it can help to achieve decent profits on today's market.
I have given clear SL , entry & Target 1 & Target 2.
Hope this will help in banking some profits if market moves in the favor.