TradingEdge_Academy

BAJAJ FINANCE LTD. - UPWARD TRENDING CHANNEL

NSE:BAJFINANCE   BAJAJ FINANCE LTD
BAJAJ FINANCE LTD. #BAJFINANCE

- MOVING IN AN UPWARD TRENDING CHANNEL.
- FACING RESISTANCE FROM SUPPLY ZONE

INDICATORS:
RSI - NEUTRAL
TT2 TREND - BULLISH
CVD - POSITIVE

COMMENTS:
1. ABOVE 3415,
NEXT RESISTANCE IS 3500
SUPPORT 3300

2. BELOW 3250
NEXT SUPPORT 3175/3125
RESISTANCE - 3375

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!

***in case of GAP opening, the given levels become invalid.

***this is my personal view. Please take advice from your financial advisor before investing.
-
Gurpreet Rainu
Mob - +91 9999 504 500
TELEGRAM - https://t.me/tradingedgeacademy
PAID CALLS - https://front.page/te-charts

Comments

Bajaj finance &Bajaj fin serv; these two stocks are very strong doesnt allow easy entry during the day for day trading ; need to take a BIG Risk , it either starts with gap opening , followed by fall ,again travel to mid of fall , and travel when the index is Green after coinciding with the Dow as well European market quickly travel up or fall down giving No time for the trader to think .....this share need to be acquired for long and gives good return ....20% annually.Share is verr strong, safe, not very cordial for day trading ......more Risk than reward in day trading , you may get it right 1 in 3 times only.
Reply
@thayimadhu, Thank you for your view. We know, no one can predict the future. The only thing that matters in a day-trading is your capability to efficiently read charts and effectively analyze data. My students and I had a great run in Bajfinance.
Reply
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