BAJFINANCE
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty retested 17k yet again, and with VIX back above 20, the volatility continues. Bajaj Finance (BAJFINANCE) fell after its results, meaning now the focus is on BAJAJFINSV on how it may move during its earnings. Axis Bank, too, has its results tomorrow. What's your view?
Swing & positional trading opportunities for next week (4th Apr)During the week ending 1-4-22, Nifty hit a high of 17703 which is a great recovery from the lows of 15671 hit in the month of March 2022. A 1,000+ points recovery within a short period of time indicates that the overall market sentiment is bullish and should the global situations improve, Nifty may well be on its way to cross to 18000 and thereafter the retest of 18604 which is the All Time High.
This may sound simple and easy and it may well end up being so if the FIIs keep ending each day as the Net Buyers. The recent recovery has been possible only account of either FIIs not selling as aggressively as before or they ending the day as Net Buyers.
For now, the indices look good for creating long positions. However, on a sector or a stock level, the situation may be quite different as the risk-reward that was quite favorable when Nifty was below 17000 and even 16000 is no longer going to be as painful as it was.
BAJFINANCE 7500CE, 8000CEIf you look at the chart, BAJFINANCE had just took SUPPPORT from the blue color TRENDLINE. From here it can consolidate here for next 2-3 trading session and then it can goes up. If we look at the MARCH STRIKE PRICE of 7500CE which is 7% up form current trading price it is trading at 144, so total invest of 18000 is needed for 1 lot. If we can get it at below 15000 after 2-3 trading session then we can add that. Can give more than 100% return.
NOTE- If the spot chart breaks the blue TRENDLINE in next 2-3 trading session then avoid entry.
STOPLOSS- After ENTRY if the spot chart breaks the blue TRENDLINE then exit the 7500CE.
THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING ANY POSTIONS.
WILL KEEP UPDATING...
BAJFINANCE Trade OpportunityThe blue color TRENDLINE that I have drawn in the chart is drawn from June 2020. As of February 18 it has been trading at a price of 7030. If you look at the chart the stock had just took SUPPORT from the blue TRENDLINE. If it consolidate there for next few days and then if it gives breakout then there is a high probability that it will go up from there. Below shown the IMPORTANT levels.
ENTRY- 6800-7150
1st TARGET- 7750
2nd TARGET- 8500
STOPLOSS- 6600
THIS IS JUST FOR EDUCATIONAL PURPOSE, DO CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING
If you interested in OPTION trading check out my other post.
WILL KEEP UPDATING...
Nifty, Banknifty and top stocks analysis for tomorrow + levelsToday saw a sharp first-half selloff followed by a 50% recovery in the PM session. Could this be the first hint of the beginning of a short covering by the bears? Either way, Nifty and Banknifty, along with large caps, might be at good levels for accumulation. What's your view?
#KPRMILL #BLOCKCHAIN #NFT #SHIBAINU #iot #ml #clothing #fashionKPR Mill Ltd.
NSE:KPRMILL
NSE:KPRMILL
CMP: 494.10
Target 1: 585
Time frame: <3months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
BAJFINANCE SHORT The indicators used to analyze this chart suggests that BAJFINANCE will probably reverse after a strong movement where the stock was overbought. As we can see, MACD line has just passed the signal line, indicating the presence of a bullish momentum. DMI indicator shows us that the uptrend is not strong anymore because +DM and -DM are closer than before now. And this indicate us that the uptrend is losing strength. RSI indicates that BAJAFINANCE may lose bullish momentum. Now we should wait for the price to break the support and retest it as a resistance.
Therefore rejection at the resistance will be our entry price.
P.S No financial advice
Bajaj Finance still upside can happenAs per chart analysis l'm expecting it can touch 8000 as a round level by the end of the September or 1st week of October but one things we should remember this stock is hugely out perform after COVID so book profit at 8000 level and it can do more of sustain above 8000. Trend line for you information and only education purpose.
Cheers
Happy learning
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.
Bajaj finance Bajaj finance has given double breakout, one on daily basis and other on hourly basis, both breakouts are having good intensity of volume, as per wave structure it looks like 3rd of 3rd. all the indicators parameters are also aligned with positive situation, one can go long at these levels or in dips with key levels mentioned on chart
Key Levels are Mentioned on chart
Breakout with Good intensity of Volume in daily
Breakout with Good intensity of Volume in hourly
Macd in daily positive crossover and Uptick
Macd in hourly positive crossover and Uptick and also above zero line
Rsi in daily above 60 uptick
Rsi in hourly near 60
Dmi adx positive ungali setup in daily time frame
Dmi adx positive ungali setup in hourly time frame
Upper Bollinger Challenged in hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing