BAJAJFINSV trade ideas
Bajaj Finserv (Consolidating above a crucial level)Bajaj Finserv has tried to break the range of 6150-6000 for quiet a while now but every time it has reversed to go and test its current high (last 3-4 months) (Check in the Daily TF it will give you a better idea) which has led to a channel formation. As the recent past has shown the stock does not spend a lot of time at these levels it has generally moved up.
The current consolidation in the hourly time frame might be an indication of a breakdown or a reversal.
Any side breakout should be a strong one however momentum might be affected due to the news in the market surrounding the Multi Cap Funds.
Keep an Eye.
INTRADAY STOCKS SELECTIONS ( 8/9/2020)A Rectangle is a continuation pattern that forms as a trading range during a pause in the trend. The pattern is easily identifiable by two comparable highs and two comparable lows. The highs and lows can be connected to form two parallel lines that make up the top and bottom of a rectangle.
BAJAJ FINSERV LTD 1HRBearish GARTLEY
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR.
IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
BAJAJ FINSERV LTD 4HRBearish deep crab formed at Daily & 4hr RESISTANCE Level
IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
Potential SELL
BAJAJFINSERVNSE:BAJAJFINSV
BAJAJ FINSEREV IN CONSOLDIATION OUT SIDE THE BOX CAN GIVE GOOD MOVE
BUY RIFGHT SIT TIGHT
VIEWS INVITED
Possible breakoutPossible breakout as several times resistance has been tested at same level making it weak now, with another thrust from market could lead it to breaks its level, To be added in your watch list.
Bajajfinserv - Bullish view - Expecting price will move to 7000Bajajfinserv - Bullish view - Expecting price will move to 7000
BAJAJFINSERVBAJAJFINSERV
Ascending triangle Pattern
Support taken at lower trend line.??
Watch out for break/break down and trade accordingly.
View Neutral.
BAJAJFINSV : 21 AUG 20 : STRONG SUPPORT AND RESISTANCE AREABAJAJFINSV : 21 AUG 20 :
STRONG SUPPORT AND RESISTANCE AREA
Bajajfinsv W/D demand 5270-4938Bajajfinsv W/D demand 5270-4938
pro:
1. 3 exciting canldes in daily(Execution zone)
2.Clear zone
3. Just above Monthly , co-inciding with Weekly and daily
4. Less chance to get entry as the stock is good and may not correct unless a correction in the global market
OPENS ABOVE AND SUSTAINS WILL TAKE LONGOPENS ABOVE AND SUSTAINS WILL TAKE LONG-ITS BEEN NIN RANGE FOR ONE MONTH.
Bajaj Finserve BreakdownSince Nifty is in consolidation and NBFC is weak... breaking 6130 will move the stock further down till 5753 and 5540 as targets
Bajaj Finance : Positional view : LongBajaj Finance : Positional view
* Instrument is in the process of 5-3-5 correction.
* Expecting 8500-9000 range if it breaks 6700
and sustaining above the same.
R-0101 Short Term Buy BAJAJFINSV @6323.00-6333 SL 6130 TGT 6690Short Term Cash Buy BAJAJFINSV @6323.00-6333 SL 6130 TGT 6690
MACD CROSS OVER + TK CROSS OVER +GOOD VOLUME SO EXPECT TO BREAK CLOUD ON THE UPSIDE SO GO LONG.
