support bounce stock has tested the support 3 times, making lower wicks (clearly showing price rejection) now engulfing 3 bear session, poor selling we have seen while consolidation , price is above 200 MA,
BAJAJFINSV trade ideas
BAJAJFINSV LevelsDaily/weekly
>>1/12
- Flag and poll on daily,
- Saw a good rally from 5-20 nov on upside.
- going sideways/consolidating after the rally
- watch for high lows form up and down side target.
Intraday
>>1/12
- good up move from 6 jan to 8 jan
- 8948 50% Retracement form 6-8 jan rally.
- 9024 38.2 % Retracement - acting as a resistance.
- 8768.5 is 78.6% Retracement form 6-8 Jan up move can act as a target on downside.
- Good Support around 8973.50
- Saw a breakdown in last 1 hr of trading session on 1/12. Expecting the Support Zone break and 8770.70 as 1st short target.
#BAJAJFINSV eyeing 10500-10600#BAJAJFINSV eyeing 10500-11000, which once broken we can see 11500-12000 range on it.
Pick some Dec 10000 Calls @ 100-110 range
Bajajfin { Short 15 m } IB in formation , It has already broke IB in W frame . Now we're just waiting for confirmation in 15 m tf for a intraday trade . Rest is as per chart
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
BAJAJFINSERVI'm not an expert I'm just sharing my views on BAJAJFINSERV for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
BAJAJ FINSERVI'm not an expert I'm just sharing my views on BAJAJ FINSERV for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
BAJAJFINSV 200 EMA BREAKOUTIts ready to give a second breakout. Its taking support of 50 EMA and have touched 200 EMA.
BAJAJ FINSERVE - Bull Flag Pattern breakout - Swing TradeThis analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target.
Stock is fundamentally strong
It has given volume supported breakout after consolidation phase.
Also such huge volumes have come in stock which shows that stock is not going to stop at life time high but will make new high.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
BAJAJFINSERV - Elliott wave analysis - long set upBAJAJFINSERV is in 5th of 3rd wave up. stay long for price to go higher up to 9200.
BEAR HARMONIC PATTERN IN BAJAJ FINSERV:D
Market Structure - Distribution Phase
Enter where crowd have their stop loss who entered late out of fomo!
BajajFinserv - Weakness on Closing Below 8711 Fib RetracementBajaj Finserv has had a fantastic run in November however last four trading days of November it has not been able to cross blue trend line which signifies long term wedge it was following pre covid.
Barely keeping above the 78.6% Retracement Level and failing to close above trend line.
Look to short on closing below 8711 for a decisive down turn till ultimate level of 7055
BAJAJFINSV LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
8850-8830 CAN ACT AS GOOD RESISTANCE
BUY ABOVE IT IF THE LEVEL IS BROKEN WITH VOLUME AND CONVICTION.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
