BAJFINANCE wave analysisBAJAJ FINANACE is in double three correction from last 6 months.one upside wave x and final sell off wave y is pending for this correction to complete.
BAJFINANCE trade ideas
TRADE SETUP FOR THIS WEEK CAN GO FOR SHORT TILL FIB 0.382 FIB LEVEL
Look for a Short Position in Bajaj Finance
Since it's Trading below 200 EMA, look for a sell opportunity.
Good Luck!
Bajaj finance was on its major support We can see Bajaj finance was down by more thn 20% in 6 month. This year Bajaj finance results was very good. It can improve QOQ despite this its share price has been fall now it's on major support zone(5935).
If it's sustain in it we can creat buy position in it. And if fall we creat another buy position at 5300. Soo must watch thz share. Our target for this share is 6555 7335 8000.
BAJFINANCE INSIDE-CANDLE SETUPbajfinance inside-candle trade setup find, if market remian negative and bajfinance croos below 7000 we can short for the target of 6700 as inside setup. riskreward 1:2
NSE:BAJFINANCE
long Bajaj Financelong bajaj finance till 7000. formed a diamond pattern and looks like its going to shoot up and there is a huge resistance at 7000
BAJFINANCEBAJFINANCE - Reversal of polarity at POC support accompanied by 50 ema support & pennant Breakout.
One can go long with a SL of 50 ema.
Bajaj finance anaysis and chartWith strong support area of @ 7100/7070 this share could surge.7370/7495 and crossing of these levels momentum upto 7590 to 7775 is possible.short term.views are for education purpose.any trade related decision should be in consultation with financial advisor.any unforeseen events if any target and time frame may vary.
Bajaj Finance Hammer on dailyBajaj Finance looks good on chart forming hammer on daily chart if by end of the day you see hammer pattern on daily candle then carry your position else exit
BAJFINANCE - Inside barBAJFINANCE - Inside bar formation at mean reversion and 200 ema support.
The stock seems fit to make a further up move from here.
Maintain strict SL of 200 ema.
Bajaj Finance may again 5900As per my view we may see 5900 level again because 6500 act as a resistance
Bajaj Finance (Detailed Analysis)Currently trading at 14% discount from all time high levels.
Bajaj Finance (TF=W):
1. Constantly taking support and respecting 50 DEMA (except the COVID times)
2. Taking support at Rising Trendline
3. NCO of 5,13 DEMA
4. Taking horizontal support at 6680 levels
Bajaj Finance (TF=D):
1. Currently at 200 DEMA support.
2. At major demand zone of 6680 levels
3. Consolidation / Accumulation going on at major demand zone (Vols during accumulation is low)
4. Good and safe to add above Breakout of 7280 levels.
BAJFINANCE 7500CE, 8000CEIf you look at the chart, BAJFINANCE had just took SUPPPORT from the blue color TRENDLINE. From here it can consolidate here for next 2-3 trading session and then it can goes up. If we look at the MARCH STRIKE PRICE of 7500CE which is 7% up form current trading price it is trading at 144, so total invest of 18000 is needed for 1 lot. If we can get it at below 15000 after 2-3 trading session then we can add that. Can give more than 100% return.
NOTE- If the spot chart breaks the blue TRENDLINE in next 2-3 trading session then avoid entry.
STOPLOSS- After ENTRY if the spot chart breaks the blue TRENDLINE then exit the 7500CE.
THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING ANY POSTIONS.
WILL KEEP UPDATING...
BAJFINANCE Trade OpportunityThe blue color TRENDLINE that I have drawn in the chart is drawn from June 2020. As of February 18 it has been trading at a price of 7030. If you look at the chart the stock had just took SUPPORT from the blue TRENDLINE. If it consolidate there for next few days and then if it gives breakout then there is a high probability that it will go up from there. Below shown the IMPORTANT levels.
ENTRY- 6800-7150
1st TARGET- 7750
2nd TARGET- 8500
STOPLOSS- 6600
THIS IS JUST FOR EDUCATIONAL PURPOSE, DO CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING
If you interested in OPTION trading check out my other post.
WILL KEEP UPDATING...
BAJAJ FINANCE - Mean reversion BAJFINANCE - Doji formation at support & mean reversion set up.
Look at the volume profile, it is maximum at current levels.
We should experience an up move here.
Maintain strict SL of 6800.
BAJAJ FINANCE TRADE UPDATENSE:BAJFINANCE is consolidating in a rising wedge pattern after giving a breakout from flag pattern.
Price may potentially breakdown from this pattern and retrace as it has already given excellent momentum in the last week.
Be sure to add quantity after the momentum of breakdown fades away.
On the contrary, price can take big support from the bottom and breakout from this pattern - another opportunity to add more.
Regardless of your holding in this stock, you can short the futures market if a breakdown follows and then add more quantity in cash market.
Position size accordingly. HAPPY TRADING!
Bajaj finance giving a breakoutBajaj finance is giving a breakout from a parallel channel.
Resisitance is near 8000. If sustains above the resistance, can give another 2-3%.
BAJAJ FINANCE LTD#BAJAJ FINANCE LTD Hello trader, I hope are good and safe. Today I opened the chart of #BAJAJFINANCE for 15 Min and analyzed it then I see that this chart has made a BEARISH PENNANT, So I hope #BAJAJ FINANCE will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
Bajaj Finance, Complex Corrective Structure( Zigzag Pattern)Bajaj Finance:-The Best Example of the understanding complex corrective structure of the Zigzag pattern which appears in Elliott 4th corrective wave (Elliott Triple Combo wave WXYXZ).
Bajaj fin - Good levels to try shortsNarrow SL of around 1%. Shorts can be tried here
SL of 7450 on closing basis with some margin
