BAJFINANCE trade ideas
BAJAJ FINANCE 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 .
BUY ABOVE 4370
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!
TRIANGLE PATTERN SPOTTED IN BAJFINANCE (1H)The stock has been trading inside a triangle pattern since many weeks and has neared a breakout level👀
The 4435 level has been tested multiple times and hence buyers stand a good chance to break above it confirming the further bull run🐂
Confirm with your setup and Add to your WATCHLIST 🧐🚀📈💚
BAJAJ FINANCE good short candidateBAJAJ FINANCE spot CMP 4207
Bearish CRAB pattern formation.
PRZ in range 4190-4240
Pattern validation once counter breaks 4190 and sustain below this levels for 15 mins
Patter violation Above 4350 once sustain above this levels for 60 mins
Down side targets 3800-3700-3600 possible
CAT ON THE WALL!PRICE IS IN THE VERY VERY IMPORTANT RESISTENCE ZONE AT PRESENT.BY SEEING THE PARABOLIC MOVES OF THE FEW PREVIOUS CANDLES IT SEEMS LIKE A TIME FOR PROFIT BOOKING.WE CAN CONFIRM IT IF ONE OF THE NEXT FEW CANDLES CLOSES BELOW 3750.THEN PRICE MAY RETEST THE LEVEL OF 3500 TO 3450.PLS GIVE ME YOUR VALUABLE COMMENTS ON THIS.THANK YOU.HAPPY TRADING FRIENDS.
BAJAJ FINANCE good short candidateBajaj Finance spot cmp 3658
Multi AB =CD pattern completion around same PRZ
PRZ at 3650 to 3670
wait for reversal below PRZ,
can be good short candidate with stoploss of 3700
targets 3500-3400..
Bajaj Finance Ltd - Favours ShortWolfe wave analysis, sell at 3620 with the stop loss of 3680
Target 3500, 3400, 3250 & 3150
still not get confirmation from the above analysis, safe traders wait for 15 mins bearish candle close to take the position.
good risk to reward ratio from the analysis , Book in the ratio of 1:2, 1:3 or wait till Target 3200 to hit.
position should taken in the area of 3560-3620, even you can take above that with the respective analysis but not below 3560.
strict stop loss 3580
Looking good for DeliveryBajaj Finance showing strength now and looking good for delivery. It has broken out on 27th Oct.
BAJA Symmetrical Triangle 4HRA Symmetrical Triangle is a "bi-lateral" pattern, meaning it could break in either direction.
Our target is the approximate pattern height multiplied by chances of reaching the target or 747.85 * 0.58 = ~433.753 from breakpoint.
Entry: Not ready yet, wait for breakout for direction. wait for full confirmation of 1 bar beyond pattern.
TP: ~433$ from breakpoint
SL: Previous Swing before breakout. Long trade: ~3094$ Short trade: ~3420$
R/R: Will update later after break.
Pattern info: thepatternsite.com
Bajaj Finance ( DAILY ) - Candlestick PatternBAJAJ FINANCE( DAILY )
Candlestick Confirmation
Downtrend from 31st Aug 2020 till 23rd Oct 2020
Indication of Bullish Engulfing with spike in volume and Stochastion in oversold positions
AWAIT FOR BULLISH CANDLE CONFIRMATION
Buy above 3362
Target of 3519
Live Intraday Trading - A intraday trend reversal trade !!Market was trending lower this morning . But , at the same time Bajaj Finance was trending very positive on the last day . As market was trending lower , Bajaj Finance
was also trending lower along with the market . When , the market cooled down a bit , the market started rising higher . At the same time Bajaj Finance stock was also showing some signs to rise higher . Just got into a perfect position and got some handsome profit .
Immediate resistance breakoutView bullish immediate resistance break-
Out possibility long above 3392 with sl 3376
bajfin last 11 year data very interesting bajfin 11-year history this year big profit booking buy long term investors but still has potential to go upside or it can hold a level of 2019 candle range
