BAJAJFINSV trade ideas
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
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
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BAJAJ FINSERVE good long candidateBajaj finserve spot cmp 5535
Bullish BAT pattern formation
PRZ in range 5460 to 5530
Price making lower low and RSI making higher low, bullish divergence.
Good to go long in range 5460 to 5530
Pattern violation below 5390 levels on closing basis
Targets of 5800-5900-6000..
Bajajfinserv (NSE) - Elliott wave analysis - buy set upBajajfinserv - It is in WXY complex correction from bottom and possibly in Y wave up. Y wave will unfold in ABC. Wait for B wave to end to trade C wave up. B wave can go little lower. Buy with stop loss below 5733 for target above 6200 once the C wave CONFIRMED.
BAJAJFINSERV (NSE) - Elliottwave analysis BAJAJFINSERV (NSE) - It is within choppy correction from last swing high in 2 hr time frame. The current up move from swing low was W wave and X wave is in correction as wxy as more complex correction. Sell it on bounce with stop loss above 6169 near 6000-6060 zone for target below 5800 or lower price.
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WHAT TO DO IN BAJAJ FINSERV ?BAJAJ FINSERV stock make one support on 5750-5820 ,
Here also one buy opportunity for bulls
Personal advice:-
Buy :- 6000
SL :- 5700
Limit :- 6550
Note :- Do not go with my advice , study a trade !
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