BAJFINANCE trade ideas
Wait for the upside break above 520The stock yesterday got a recovery. But this doesn't mean that the stock has reversed its trend if the stock sustains above the important level 520 the the stock will be in positive trend , below the level of 430 the stock will be in negative trend . So , have patience , watch the important levels and make money , Any queries or suggestions - Comment or join the conversation
Bajaj Finance - Complete Breakdown Of ChartHi Traders,
As we analyse the daily chart, price is in an uptrend because it is trading above the 50SMA. The key levels are at 3518 (Green) , 3606.60 (Yellow) and the golden zone between 3446.35 - 3374.70 respectively. We can see that price has found support at the golden zone and has tested our resistance level at 3518. Since price found support at the golden zone, breaking of the recent high(3749.85) is unlikely. So we can conclude that this stock is in its exhaustion stage and the present uptrend will end soon. If the price close below 3272.75 (Red), this marks the end of current uptrend.
Now we will look into the hourly chart for short term opportunities. The hourly chart is below the 50 SMA indicating a downtrend but since the higher timeframe is showing uptrend, it is advisable to take buy positions. Short term buys can be done if it breaks the hourly trendline and must be cautious when price tests the above mentioned key levels. Intraday trades can be planned based on price action at the above mentioned levels.
Note:- This analysis can be used for short term and medium term analysis. We need to breakdown the weekly chart for long term investments.
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Happy Trading............
Baj finance good long candidateBajaj finance bullish gartley formation
prz in range 3395 to 3369
pattern violation below 3350
upside open targets
bajaj finance 1 day chart made rising wedge (education idea )bajaj finance 1 day chart made rising wedge (education idea )
Bajaj Finance Reversal possibilityComing close to resistance, few days back already reversed after touching resistance.
Personally, I will be cautious.
Bajfinance BUY Position with 2:1 target ( Positional Target )BAJFINANCE is a good breakout at the given Price. Enter after the Given Price.
Accumulation is happening for another potential Breakout Accumulation is happening for another potential Breakout at its near resistance of 3675, further spike is quite possible as stock didn't behave according to banknifty on Friday session.
Bajfinance about to break resistance of 3500 in weekly chart Bajfinance looks to be on roll for sometime and with BNF and finance stocks gaining momentum, above 3500 close can take this back to its magical 4k !!
Bajaj Finance following trend exactlyGood to See Bajaj Finance following the exact trajectory as predicted on 25th July. Around 3430 sell off should start
BAJAJFINANCE keep on re testing 3500BAJAJFINANCE has been consolidating between 21 EMA and 200 DMA and it has crossed 200DMA on daily closing basis. if it crosses above 3500 it can easly rally upto 4000. Then we can look at further price action in this.
Bajaj Finance weekly chart Bajaj Finance bullish setup, candle crossed tenken and approaching Kijun.
Bajaj Finance Harmo ABCD with Fibo for Elliot wave movementswill go CMP-3419 to 3711 within coming 3 days
Support and resistance define
BAJAJ FINANCE LTD: 18 AUG 20BAJAJ FINANCE LTD: 18 AUG 20:
IF OPEN ABOVE 3400 THEN IT MIGHT REACH 3436.
IF OPEN BELOW 3380 THEN IT MIGHT REACH 3344.
BAJAJFINANCE: 17 AUG 20: EXPECT TO DOWN UPTO 3200 IN THIS WEEKBAJAJFINANCE: 17 AUG 20:
EXPECT TO DOWN UPTO 3200 IN THIS WEEK
