BAJAJFINSV trade ideas
Buttefly Pattern in Bajaj FinserveBajaj finserv is in the super uptrend and looks like overbought on the monthly and weekly chart.
We can also see some negative divergence on the daily chart.
And if I go down to the hourly chart I can see it forming a Bearish Butterfly pattern.
The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C, and C-D.
It helps you identify when a current price move is likely approaching its end.
The Butterfly is a reversal pattern that allows you to enter the market at extreme highs and lows.
As we all know, Bajaj Finance is trading at extremely high levels, spotting this pattern can be a real deal.
This pattern suggests two resistance zone as it might see a sharp sell-off from there, which would definitely scare the weak hands.
Resistance zone 1: 17655 - 17716
Resistance zone 2: 17978 - 17992
This is a contra trade, hence risky, and should be traded with strict SL.
This is purely an educational post and should not be considered as a piece of advice to trade in the stock.
Bajaj FinServ Forming Descending Triangle Breakout 20 Sept 2021Bajaj FinServ Forming Descending Triangle Breakout 20 Sept 2021. Wait for Retest to Entry
Bajaj FinServ Forming Descending Triangle 20 Sept 2021Bajaj FinServ Forming Descending Triangle 20 Sept 2021. Wait for Breakout.
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Bajajfinsv - Elliott wave analysis - 4th wave correction then upexpecting small pull back before it starts moving higher for new high of wave 5 of 5
Bajajfinsv - Elliott wave analysis - 4th wave correction then upIt seems like 4th internal degree as sideways correction, which correcting before final leg higher.
Buy Bajajfinserv Target 🎯 18500Buy Bajajfinserv Target 🎯 18500 because it has recently given major breakout .
Breakout on daily chart
Stock has given strong breakout.
Nifty Service sector index as well recovered sharply.
Good time to buy
Bajajfinsv - Elliott wave analysis - probably topping outMinor high will probably end the bullish cycle as 5th of 5th wave and start correcting down - Will say choppy to bearish below 13870, until then it can always extend higher
Buy Bajajfinserv Target 🎯 15500Buy Bajajfinserv Target 🎯 15500 because it is it's above major Resistance thatwhy it will go till 15500
Flaf and pole Breakout in BAJAJFINSVBAJAJFINSV has given amazing breakout perfect for swing trade
one can go long in it and stock is above 200 MA
Bajajfinsv - Elliott wave analysis - Impulse 5th wave It is in 5th of 5th of 5th wave started from the 13855 and can go up to 15500 level before it correct the whole move started last year. As long as it stays above mentioned level, it is bullish, but if it breaks below that level, then it may become bearish and can fall sharply.
Bajaj finserv - at major trendline resistanceStock is at major trendline resistance that has been in place since 2017
Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
Bajajfinsv - Elliott wave analysis - Impulse 5th wave Bajajfinsv is in strong uptrend and will continue it for more upside as it is about to finish the internal degree of 5th wave and will go up to 15500 level in current cycle.
bajaj finservthis advance or good usage of flag pattern in large cap stocks . iam expecting
little or short retracement in this sock and to go up
Bajajfinserv - Elliott wave analysis - 5th of 5th wave It is correcting 4th subwave of 5th of 5th wave and will be expected as flat or triangle correction before it finally give one more high towards the target zone of 15490.
Bajaj Finserv - deep into a 5th wave most probably. ShortsShorts can be scaled into here on Bajaj Finserv
Good entry point.
