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BAJFINANCE

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 ---------------------------------------------------------- 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 ---------------------------------------------------------- Positive & Negative Point: 1) Bullish in Daily/Weekly chart 2) Neutral in Monthly Chart 3) Increase in relative strength - Sectrol ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading.)
NSE:BAJFINANCEShort
by singajai
BAJFINANCE looking weak on 2H chart Stay neutral for swing. NSE:BAJFINANCE On 2H chart BAJFINANCE started to becoming weaker. Stock facing good resistance between the range of 3320-3420 while 3125 will be immediate Support for stock. On 2H chart if stock manage to breakout 3420 with good volume and candle closing near high it will open for fly for target of 4040. But if the stock breaksdown 3125 it will then likely to show 2835 and even 2655. For breackdown too we need to see strong confirmation with volume. Though the stock is weak I will not make any decision to short for swing trade right a way until and unless I see any strong confirmation for same. I will prefer to stay neutral in this counter and keep this on watch
NSE:BAJFINANCE
by PriceVolumeRider
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 ---------------------------------------------------------- Support : 3010 Breakdown : 3097 CMP : 3108 Breakout : 3128 Short Target : 3150 and 3200 ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:BAJFINANCELong
by singajai