Bajajfinance
Play safe and earn money in range bound Bajaj FinanceBajaj Finance is not likely to come out of range bound movement in next 5-6 days hence you can earn safely within this period.
Bajaj finance Intraday for 23rd July Good Morning sir's
Today's first dish in our breakfast menu is Bajaj finance, Sitting on their Dynamic support daily and in a 4-hour time frame. Stock is damn bullish since June month but 1st Quarter Results has stopped the stock rally and stocks give a correction. but the news impact is always for a shorter time frame. anything can happen at this point. Support can break or stocks can give bounce from it.
Long
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Above: 3300
Sl: 3250
Target: 3360/3400/3430
Short
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Lower : 3190
Sl: 3240
Target: 3140/3100/3070
BAJAJ Finance - on Narrow range - showing bearish on Parameter#BAJAJFINANCE is trending between level 3420 and 3122 (200EMA). Today stock open with Gap Down but due to bearish sentiment in market it trade down and touched the level 3122 (200EMA) and got good support and closed above. Stock is moving in narrow range since 7 days and a gap UP/down opening can show reversal tomorrow 15 July.
Showing Bearish result in Technical Parameter:
CCI is bearish
RSI is treading down
stoch is reversing from overbought zone
PSAR indicating bearish reversal
ATR is decresing since 3 day
High decrese in Future OI
Long Cover
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Support : 3123 and 2983
Breakdown : 3144 (OR Gap down opening)
LTP : 3190
Breakout : 3225 (OR GAP UP opening)
Short Target : 3313 and 3380 and 3420
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Positive & Negative Point:
1) Bullish in Daily/Weekly chart
2) Neutral in Monthly Chart
3) Increase in relative strength - Sectrol
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(Disclaimer: This is only for educational purpose and paper treading.)
Bajaj FinanceBuy Bajaj Finance using Elliot Impulse Wave and three Trend lines yellow, green and red trend lines . Buy at 3118.40 price .Target of 3734 around 18% . Stop Loss is the red line around 3.61%- If it starts breaking the red trend line . Then it can go Down. Also RSI there seems more room for downward movement once it reaches around 36 RSI Level then Buy.
Bajaj Finance accelerated provisioning for Covid19- BullishBajaj Finance informed on Monday it may consider additional accelerated provisioning for Covid-19 in the first quarter of fiscal year 2021 to further strengthen its balance sheet.
BajFin were moving between 200EMA (Resistance) and 100EMA (Support) and also following the levels on Fib ret.
Today stock made High above 200EMA but closed below.Today volume was 11.438M < 12.929M (20MA Volume).
Stock is outperforming Benchmark and Sectrol both index in 1 month and 3 month time period.
Showing BULLISH in all indicator:
CCI above +100
RSI near to overbought
Stoch in overbought
ROC is Trending UP
DI+ crossed 33 from below
Stock outperforming from Benchmark and Sectoral Index
Increase in Relative Strength - Benchmark/Sectrol Index
Aggressive New Long
White Marubozu
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Support : 3010
Breakdown : 3097
CMP : 3108
Breakout : 3128
Short Target : 3150 and 3200
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(Disclaimer: This is only for educational purpose.)
Bajaj finance rising againBajaj Finance is entering into 5th Elliot Wave. It will help in crossing 200 EMA also.
TARGET 1 : 3150
if sustain above 200 EMA,
TARGET 2 : 3400
STOP LOSS : 2800
Bajaj Finance Break out tradeBajaj Finance broke the consolidation zone tend to move upward.
Buy with Target : 3157 - 3190
Stop loss : 2541
LONG : Stop loss : 3025 , Target : Till it touches green lines.LONG : Stop loss : 3025 , Target : Till it touches green lines.
SPOT:[Positional] BAJAJ Finance BUY above 3015, SL 2968 Tgt 3062SPOT: BAJAJ Finance BUY above 3015, SL 2068 Tgt 3062
Bajaj Finance - ElliotsTrying to convince myself that no further drop from the current market price.... don't know whether it will bounce back from the current level
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 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 .
if you like this chart give a thumbsup & follow me on twitter for more updates ! Thanks .
Bajaj Auto Long Above 2712 , 1 D Analysis .Pullback Trade .
Retrace 0.618 (From Last Swing Low To Swing High)
Twizzer Bottom Pattern with High Volume .
Long Above :- 2712
SL :- 2608
Target :- 2895-2920
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
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.
