BAJFINANCE trade ideas
Bullish Bajaj FinanceBajaj Finance on Short term chart is showing Breakout of Inverse Head and shoulders.
on weekly charts, Stock has moved from 1783 to 3750 and then retraced 38.2% to 3006.9 and showing reversal trend again.till the time stock hold low of 3006.9, can show move till 5000.
PS: chart and view only for purpose of learning, please consult financial advisor before making any investment.
Bajaj Finance - OutlookHi Traders,
Bajaj finance is still in a downtrend as per the higher timeframes. This stock has pulled back to a major resistance zone. The price can continue to go further down from these levels. If the price breaks the trendline marked in the chart which will indicate that the price will be heading down. The key levels to watch are marked with red lines in the chart, these levels can react with the price.
Now if price breaks the key resistance zone to the upside, a break above 3590.85 indicates a start of an uptrend.
For queries pls comment below.
Happy trading.....
BAJAJ FINANCE POTENTIAL HEAD AND SHOULDERS BUY OPPORTUNITYBAJAJ FINANCE STOCK MAY FORM HEAD AND SHOULDERS FORMATION ON HOURLY CHART. CURRENTLY CHART HAS REACHED AT NECK LINE OF POTENTIAL HEAD AND SHOULDERS FORMATION. WHICH MEANS NEXT MOVE SHOULD BE RETRACEMENT TOWARDS FORMING RIFHT SHOULDER AROUND INR 3200 (EVEN HANDLE NUMBER). AGGRESSIVE TRADERS CAN PLACE THEIR LIMIT ORDER ABOVE INR 3200 MARK, WHERE AS CONSERVATIVE TRADERS CAN WAIT TO RETRACE AROUND LEFT SHOULDER AREA (NEAR 3200) AND ONCE PRICE REACH AT 3200 LOOK FOR REASON TO ENTER LONG.
BUY ENTRY: INR 3180 TO 3140
STOP LOSS: INR 2990
TARGET-1: INR 3350 (RE-TEST OF NECKLINE)
TARGET-2: INR 3560