BAJFINANCE trade ideas
Bajaj finance become weak on weeklychart Bajaj finance has become weak on weekly and monthly chart and has broken very important level of 2325. Now as long as it is below 2325 it has full potential to go to the level of 1900 in coming days. And below 1900 it can see levels of 1600 in coming months. So trading strategy should be to sell on every rise below 2325 with stoploss of 2350. Above 2350 it will be out of bear grip on long term charts.
Disclaimer: Views shared are only for educational purpose and idea is no recommendation to buy or sell or hold any stock
Presently in bearish trendSupport at 2214, resistance at 2408. If 2408 is crossed, intermediate target will be 2985 or above.
BajajFinRegular Flag in the making and yet to breakout. We may like to wait. Price at the support zone of Pitchfork. We enter a long trade with SL only when breakout happens.
BajajFinBullish Regular Flag pattern about to breakout. See how price move sharply from the support line of Pitchfork and retracing from the resistance line. Then again price is negotiating with the support line of Pitchfork. A breakout, if that happens, will be a sharp one and price may see the resistance and also above it. SL is a must. Disc: Trade at personal risk.
BajajFinBullish Flag being formed. Go long above the Flag with strict SL. Flags are much reliable patterns but SL is a must. Disc: Trade at your own risk.
BajFinance | Intraday Short OpportunityExpecting BajFinance to be short tomorrow from this level of 2745-55. Expecting atleast 50% fibo move. One can take PUT also.. if high gets broken (which news suggest it can fly more) then only stop would be 2830-45..
BAJFINANCE SWING TRADEOnce momentum dies out as shown in the chart (marked with red line).Take entry as per levels mentioned below once got confirmed.
SL-2382
ENTRY- 2345
TGT- 2258
BajajFinanceI posted this picture several times in the recent past expressing possibility of breakout. Now immediate resistance comes at 1311-15 levels. If the same is conquered by bulls, target can be 2355. But I expect consolidation above 2206 which will work as good support. Then expect breakout again.
Bajaj Finance : Break Out (Head & Shoulders)Bajaj Finance has given head n shoulder break out on daily charts with rising volume almost after 6-8 months of consolidation.
One can buy on dips around 2010-2025 with stop loss of 1900 (closing basis) for Target of 2150-2200 in coming 4-6 weeks.
Bajfinance, Golden CrossI posted this chart on 17th April 18 expecting a correction since 50 DMA was crossing 200DMA on the downside and also the price was facing resistance at 2000 and also Triple Top. The correction has taken place it seems. Now 50 DMA is giving an upward cross to 200 DMA. It is possible that price may breakout.
BajajFinance, Tripple TopThe stock created a base at 1600 and rose steadily. Now price is facing resistance of Triple Top at 2000. 50 DMA crossing 200 DMA downwards could not make a dent which indicates that the stock is in strong bull grip. Now 50 DMA is about to give an upward cross to 200 DMA and we may expect a strong breakout. Before that consolidation is possible.
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Doji at Trendline resistance followed by selling Doji at Trendline resistance followed by selling indicating
weakness.
