Bajaj Finserv Channel Breakout
All the key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Bajajfinserve
BajajFINSV ShortHarmonics with 1.13 FIB level and EW 5 wave impulse sequence is highly likely completed.
RSI Bearish Div
Short with SL as 10400
Tgts are 9650, 9500 and aggressive tgt of 9450
BAJAJ FINSERVEBAJAJ FINSERVE, 1 Hour Chart
Break out done,
Can go long for Target 9440 and 9770
Stoploss below 8950
Disclaimer
My Studies are Educational purpose only
CONSULT with your financial advisor before trading or investing
BAJAJFINSERVI'm not an expert I'm just sharing my views on BAJAJFINSERV for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
BAJAJ FINSERVI'm not an expert I'm just sharing my views on BAJAJ FINSERV for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
BajajFinserv - Weakness on Closing Below 8711 Fib RetracementBajaj Finserv has had a fantastic run in November however last four trading days of November it has not been able to cross blue trend line which signifies long term wedge it was following pre covid.
Barely keeping above the 78.6% Retracement Level and failing to close above trend line.
Look to short on closing below 8711 for a decisive down turn till ultimate level of 7055
Bajaj Finserve BreakdownSince Nifty is in consolidation and NBFC is weak... breaking 6130 will move the stock further down till 5753 and 5540 as targets
R-0101 Short Term Buy BAJAJFINSV @6323.00-6333 SL 6130 TGT 6690Short Term Cash Buy BAJAJFINSV @6323.00-6333 SL 6130 TGT 6690
MACD CROSS OVER + TK CROSS OVER +GOOD VOLUME SO EXPECT TO BREAK CLOUD ON THE UPSIDE SO GO LONG.
BajajFinserve Simple Technical analysisThere is a Head and shoulder and a Parallel channel breakout together. Both suggesting bearish trend and MACD is on the verge of giving a sell signal
58.93% corrected from the high! i have worked with this company as sales man few years ago, one the finest company in india. i have already invested in this company.
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
