BAJAJFINSV trade ideas
BAJAJFINSV ViewsThis script attracted my attention on 21/08/2023 EOD basis.
It seems to be a turnaround from the value area as marked in the chart drawing.
AS it is almost 3% away from the value area, now onwards it will be interesting candidate for the study purpose for the movement towards the immediate target as shown in the chart drawing.
BAJAJFINSV Analysisthe stock is trending upwards from long term...
now price is reached the previous strong support...now acts as a resistance...
yesterday a long rejection is observed from the same zone...
on bottom we have seen, that a bullish gap left below...
is this an exhaustion gap at resistance...price fall is going to happen.
a strong move is observed from 1500 zone...
If the previous resistance gives support it will reach top side...
if the bottom side demand will pushes the price upwards...after reaching the zone look for buy at previous resistance...
If demand gives support,previous resistance acts as resistance again falls.
Bajaj finserv Bajaj finserv forming a triangle pattern I have spotted it bit earlier I don't know whether it will give a breakout or not but following a smart money concept and strategy risky swing traders can start accumulation of Bajaj finserv CMP 1618 looks like a bullish candle on monthly will close 12 day more for a bullish candle closing
Just a view only
Only for educational purposes
Ask your financial advisor before buying
Bajaj Finserve LTDNSE:BAJAJFINSV
Buy : ₹1613
Target : ₹1735
Gain ~ 8%
The stock is showing good signs of upward momentum. The price has come from the lower support of the triangle and now moving towards the upper resistance of the triangle. The rally from here will give around 8% gains.
I'm a chartist, I paint charts.
My charts speaks louder than words.
The ideas represented here are only for educational purposes and not any kind of financial advice to buy or sell. Do your own research before investing.
BAJAJ FINSERVHello & Welcome to this analysis
Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg.
Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750.
While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this stock into a medium term deeper correction else range bound between 1350-1750 for quite some is highly probable
Happy Investing
BAJAJFINSV Take break out at previous resistance level with High volume and make retest at that level , 50 EMA cross 100 EMA from below , MACD saw fair value so first Target will be 1575 and stop loss will be 1393.50
This is for educational purpose not a trading advice so that's my view comment down your view 🤗