BAJFINANCE trade ideas
bajaj finnace preemting reversalbajaj finance is in a downtrend from longtime
but the first time it has crossed a lower high and didn't make the lower bottom
it has bounced from the trendline...trendline is less reliable but I would take sl as closing below it on a daily basis
target 6497 and 6695
risk 7% reward 10%
not favorable from risk reward point of view but sometimes as trader we take these risk
keep position sizing in check
buy right sit tight
wealth generation means longterm
Continuation or reversal on BAJFINANCE ??BAJFINANCE is also stuck in a zone of a strong support and resistance. Even if the trend might turn upwards after breaking the swing high, we should only create long positions when the price retraces towards the breakout point or consolidates ABOVE the swing high.
We can also look for a short trade upon a breakdown from the swing low. The moving average is 50 SMA (Daily TF).
BAJFINANCE- Bearish Trend line BAJFINANCE is showing bearish momentum, and most of the stocks behave based on the overall market. and you have observed that now day market is very much volatile that's why stocks are not moving in any pattern. still, this stock gives a down moment with high volume that gives a high probability to move downward more. and we can't enter into trade immediately let them Retest the support zone and then enter into with a proper risk-reward ratio.
BAJFINANCE Bull Night Level 02.01.23BAJFINANCE Support And Ressistance Its My View
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
NSE:BAJFINANCE
BAJFINANCE Bull Gann Level 02.01.23BAJFINANCE Support And Ressistance Its My View
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
NSE:BAJFINANCE