Bajajfinance
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
BAJAJ FINANCETHE STOCK SEEMS TO BE IN UPTREND FOR SHORT TERM , THE RESISTANCE NOW IS AT 2554 , IF CROSSED 2554 AND SUSTAINS WE CAN SEE THE RETEST OF VPOC AROUND 2714 LEVELS , ON SHORT SIDE IF PRICE SLIDES BELOW 2310 LEVELS WE CAN BUY ON RETEST ON SHORT SIDE WITH TARGET OF 2245 , OVERALL NIFTY SEEMS TO BE IN SHORT TERM UPTREND EVEN GLOBAL CLUES ARE POSITIVE HENCE TO GO WITH TREND ON CAN SEE HOW THE PRICE REACTS TO 2554 LEVELS IF SUSTAINS 2714 LEVELS WOULD BE AN EASY TARGET , WE CAN WAIT TO BUY AT RETEST OF AROUND 2554 LEVELS WE SHOULD NOT BUY AS SOON AS PRICE CROSS 2554 BECAUSE ITS A MAJOR RESISTANCE AS PER PREVIOUS HIGH THERE WOULD BE A SELLING OR BOOKING OF PROFIT AS STOCK HAS GIVEN GOOD RUN IN PREVIOUS DAYS . ITS A BUY ONLY ABOVE 2554 LEVELS , SELL ONLY BELOW 2310 .
VIEWS AND SUGGESTIONS INVITED
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Bajaj finance - wedge patternNSE:BAJFINANCE in detail
As per technically stock might seem bullish, research firms have given the target that it can reach 5800+++,
It might reach but still technically stock is in wedge pattern and travelling in final leg of the pattern (E(c)).
as per this pattern stock might complete by reaching 5200+++ and come down.
Let see what happens in future
Disclaimer - post are only for educational purpose
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BAJAJ FINSERV | Bottom is in.This is the cheapest you can get your hands on this stock for.
-Clearly there is a triple bottom formation and institutional buying at these levels
-Volume agrees with it.
- As a trader I would be a huge buyer if the price action breaks above the rectangle.
- If you're a long term hodler this is your time to shine.
Note: Considering Prime Minister Narendra Modi's declaration of an economic stimulus many businesses will see a strong upside. Although I would keep an eye on the current COVID-19 situation.
Happy trading!
-Kautilya.K
Nifty50 very uncertainI think Nifty50 had bottomed and we might soon see reversal.
Fib Ret level 0.382 @ 7803.47 already tested if broken we might find support at 0.5 @ 6367.41 and I thank that's the lowest point NIFTY50 can go I don't see it breaking that level, so I think we are near the bottom and might soon see pullback to resistance level 0.236 @ 9580.28 good luck
BAJAJ FINANCE | Good Sell OpportunityFriends, please support this idea with LIKE if you find it useful.
I'm seeing a sell opportunity here. Use the pullback to get in.
Reasons:
- Price is trading near a supply zone.
- Nifty is weak.
- Weak supports.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BAJAJ FINANCE : 3-4 CONFIRMATION TRADE SETUP Hello guys,
I hope you all do well in this quarantine season Stay home and stay safe.
Many of user taking trade-in Bajaj finance and its very popular for intraday.
If you are looking for stocks for delivery you can look Bajaj finance as well,
Confirmation
1. cup and handle
2. triple bottom
3. Triangle breakout
Buy only after breakout I mention in the chart stop loss @2170
Target 2500-2600-2800-3200
Thanks
BAJAJ FINANCE | Buy Opportunity Friends, please support this idea with LIKE if you find it useful.
I'm seeing a buy opportunity here. Use the pullback to get in.
Reasons:
- Price is trading near a demand zone .
- Weak resistance to the upside.
Note: Place the stop loss just below buy zone. If the price manages to breach the support level, there is a chance price may drop further to 2120 at least.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nifty 50 Intraday Trade setup before the expiry 22 JanuaryIn this chart you can see that I only give Buy signal only because on the chart I didn't seen any short signal . There is 2 levels to open a long. You guys need to wait for support level which is good to build a long position in Intraday or wait to breakout the yesterday High,
Nifty 50 Intraday Setup for Monday 20 JanuaryHello Everyone,
Nifty is struggling on Harmonic Prz ( Possible reversal zone) which is on 12384. Tested Multiple time and give a reversal in Intraday but this gonna to breakout today. We need to consider a long Position above 12400. Stop loss should be 12352 Closing Basis .
Regards
CodeViser