BAJAJFINSV
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.
BAJAJ FINANCE, 60 Min ChartBAJAJ FINANCE, 1 Hour Chart
Possible Rounding Top, & also there is Possibilities of Horizontal TRENDLINE Support as well.
More BEARISH ONLY if it gives Closing BELOW 4820,
There is a Good POSSIBILITIES of BOUNCE BACK as well.
Disclaimer
Education purpose only
Consult your Financial advisor before TRADING OR Investing
BAJAJ FINSERVE - Bull Flag Pattern breakout - Swing TradeThis analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target.
Stock is fundamentally strong
It has given volume supported breakout after consolidation phase.
Also such huge volumes have come in stock which shows that stock is not going to stop at life time high but will make new high.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
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
WHAT TO DO IN BAJAJ FINSERV ?BAJAJ FINSERV stock make one support on 5750-5820 ,
Here also one buy opportunity for bulls
Personal advice:-
Buy :- 6000
SL :- 5700
Limit :- 6550
Note :- Do not go with my advice , study a trade !
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Thank you