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Bajfinancelong

Bajaj Finance Falling channel break outNSE:BAJFINANCE was on downtrend for the last four months. Which got arrested after pulling back up to Fibonacci level (.786). After consolidating there for some session started up movement and gave a clear break out above falling channel. The breakout is convincing as last 10 days volume is above 50 days average volume and also candles are wide this is a very important concept as per Volume spread analysis (VSA). Price is now reached near .50 retracement level. A clear entry opportunity was missing till now as price not retraced since BO. Hence a good Risk reward is missing. But there is chance for price retesting Fibonacci level .618 which is also a previous BO zone (6200 -6170). Then that level will provide a good support and can make a entry with very small risk, Stops can be considered at the levels of (6150 -6120). The probable targets could be 6800,7100,7000. Whenever price retrace to Fibonacci level pyramiding should be seriously considered. Trade may take 4 to 6 months to meet its objective. Good Luck
NSE:BAJFINANCELong
by Vasu_devan
Bajaj Finance Ltd (BAJFINANCE) ForecastThe chart you have provided is a technical analysis of Bajaj Finance Ltd. on the NSE (National Stock Exchange of India). It is a daily (1D) chart with a focus on price movements and possible future trends. Here’s a detailed analysis and summary: Chart Analysis: 1. Current Price: - The current price is 6,836.90 INR. 2. Trend Lines: - There are two dotted lines indicating a downward trend, suggesting a potential breakout. - There is an upward trend line, indicating support. 3. Support and Resistance Levels: - Resistance Levels: - 7,326.70 INR (Buy TP 1) - 7,797.40 INR (Buy TP 2) - 8,536.20 INR (Buy TP 3) - Support Level: - 5,829.45 INR (Sell TP) 4. Potential Scenarios: - Upside Breakout: The chart indicates a potential upside breakout scenario, with the price moving upwards and hitting the three target prices (Buy TP 1, 2, and 3). - Downside Risk: There is also a possibility of the price falling, with a target around the 5,829.45 INR level (Sell TP). 5. Indicators: - The chart does not show specific indicators like moving averages, RSI, or MACD, but the trend lines and support/resistance levels are the key focus. 6. Price Movements: - The historical price movements show fluctuations within a defined range, with potential reversals at key support and resistance levels. Summary: - Buy Strategy: If the price breaks above the downward trend line, the suggested buy targets are 7,326.70 INR, 7,797.40 INR, and 8,536.20 INR. - Sell Strategy: If the price fails to break above the trend line and moves downward, the suggested sell target is around 5,829.45 INR. - Wait and Trade: The recommendation is to wait for a clear breakout (upwards or downwards) before making any trades. Conclusion: The chart suggests a cautious approach, waiting for a clear indication of the breakout direction. If an upward breakout occurs, there are defined targets for taking profits. If the price moves downward, there is a clear stop loss level indicated.
NSE:BAJFINANCELong
by The90sTraderOfficial
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...
NSE:BAJFINANCELong
by chartisttrader1
2
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
NSE:BAJFINANCEShort
by vf_investment
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
NSE:BAJFINANCELong
by RK_Chaarts
4
Bajaj finance Daily Chart Bajaj finance has completed all 5 waves in Daily Time Frame, after completing 5th wave, it has also unfolded Corrective ABC waves upto 0.50% Fibonacci levels and now Tooked Support on that level along with BKP forming on same time frame. Now on Hourly Ripple time frame there has been spotted 2 higher Lows too, waiting for BBC on Hourly chart which may confirm only above 4775, One can go Long with Stop-loss of Breakout Candles Low or nearest Swing Low, also can do pyramiding above Upper Trendline Breakout and Horizontal B level Breakouts. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:BAJFINANCELong
by RK_Chaarts
2