BAJFINANCE can fall or consolidate hereNot holding this stock. Posting this idea to try and predict stock movement
Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
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Bajaj
BAJAJ AUTO for 30% (approx..)GainBajaj Auto is showing ATH breakout on monthly chart with good amount of volume. Marubozu candle on ATH show's great strength of the stock. The probability of success is approx 80-90% according to the previous data. Please do not forget the Disclaimer and Disclosure.
CMP : 4431
TG : 5600
SL : candle's low
R/R : 3 times (Risk to Reward)
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Marubozu candle , Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
Disclosure : Holding
BAJFINANCE BUY CAL OPTION TODAY 👑🤑👑Royal Trade👑
BAJFINANCE IMPORTANT LEVEL
We buy Call and my Target in VIDEO
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
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Keep Bajaj Electricals in Radar.Bajaj Electricals has been trading in a sideways pattern for the past 10 months, as shown in the chart. In May, it broke out of this pattern and started moving in a upward trend.
If we zoom in and look at a smaller time frame, we can see that another sideways pattern has formed within the larger pattern.
We have two options: we can wait for the price to break out in multiple time frames, or we can make a smart move by taking a trade when the price retests its support level around 1223.
We can consider waiting for the price to retrace and then take a trade, aiming for a potential gain of 7%. To manage risk, we can place a small stop loss. Why small Stop Loss ? Because trade have all the possibilities to fall further if it breaks it support and can come all the way to its Bigger support level.
If it breaks out in a multi time frame, I will update in trading hour.
Bajaj Auto - Ascending Channel An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
Ascending Channels: How to Trade This Technical Pattern
Ascending channels are a common technical pattern that can be used to trade stocks, currencies, and other financial instruments. This pattern is characterized by two parallel lines, with the upper line representing resistance and the lower line representing support.
Traders can use ascending channels in a number of ways. One popular strategy is to buy a stock when it reaches the lower trend line and sell when it nears the upper trend line. This strategy can be used to ride the uptrend in a stock's price.
Another way to trade ascending channels is to look for breakouts. When a stock's price breaks above the upper trend line, this is a sign that the uptrend is accelerating. Traders can buy a stock at this point and ride the breakout to even higher prices.
Conversely, when a stock's price breaks below the lower trend line, this is a sign that the uptrend is losing momentum. Traders can short a stock at this point and profit from the decline in price.
There are a few things to keep in mind when trading ascending channels. First, it is important to use other technical indicators to confirm the pattern. For example, traders could look for an increase in volume or a breakout on higher time frame charts.
Second, it is important to manage risk. When trading ascending channels, traders should use a stop-loss order to protect their profits. This order will sell a stock if the price falls below a certain level, preventing further losses.
Finally, it is important to be patient when trading ascending channels. This pattern can take time to develop, so traders should not expect to get rich quick.
Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940s
Bajaj Finserv DoubleBottom RSIDivergenceBajaj Finserv has formed a Double Bottom pattern, while RSI is making higher lows which is clear sign of RSI Bullish Divergence.
Entry:
We can go long on open of next candle.
Stoploss: (Never trade without a stoploss)
We can keep stoploss below the double bottom support zone.
Target:
We can keep the Target 1 & Target 2 near the next resistance zones as marked on chart.
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BAJAJ-AUTOBAJAJ-AUTO:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BAJAJ FINSERVHi guys, In this chart i Drew My Best Levels in BAJAJFINSERV for Shorting in Positional, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
BAJAJ ELECTRICALS||14-12-2022||SWING AND SHORT TERMI AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dashed line--Supportive line
**Red dashed line--Resistance line
**Red dotted line--hidden resistance line
**Black up and down arrow--touches of support line
**cmp:1148
In this chart, I can see good breakout of descending pattern
The Resistance Line was breached with very good candle.
keep following We will grow like healthy society.
Bajaj Finserv Very bullish BreakOut & Retesting DoneNSE:BAJAJFINSV given very Bullish Inverted Head & Shoulder BreakOut....
All the Detaiils are mentioned in the Chart....
STOPLOSS HOULD BE FOLLOWED ON DAILY CLOSSING BASIS.
This is not a recomendation...... This is only for educational perpose
Just to appriciate my effort please boost the post.
Thanks
Bajaj Finance Price Action Analysis - Aug-2022In Daily time frame Bajaj Finance was observed in the Descending Broadening Wedge Pattern
A Descending Broadening Wedge Pattern is a chart pattern formed from two downward trendlines in the form wedge shape, above and below a price representing resistance and support levels. The Descending Broadening Wedge Pattern is also known as a falling broadening wedge pattern. The upper line is identified first, as running along with the highs and is called the trendline. When the price is around the upper trend line, look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback.
From the chart above, we can clearly see that the trend is getting a break with good volume and a strong uptrend. It shows more bullishness in the current trend structure
Currently, Bjajaj FInance is at Rs7209. If the pattern continues, the price of Bajaj FInance might reach the resistance level of Rs 8041 If the trend reverses, then the price of Bajaj Finance may fall to Rs 5930
Bajaj Finance : 6,125 is the Key level for BullsBajaj Finance (Daily)
1. XABCD - B is taken out means the Bearish harmonic Pattern is triggered.
2. Now it must defend 6,125 to chart ahead towards 6,400+ territory.
3. 6,125 (+/- 25) zone is a confluence of Fib + 7th March 2022 Low (Line Chart basis).
4. 25EMA and 21EMA are parallel (not yet merged) which will provide a base for the move upwards.
5. Thus we have a solid base for the counter to go up.
BAJAJ FINANCE - SELL SETUP on Hourly chartNSE:BAJFINANCE
BAJAJ FINANCE - SELL SETUP FOR SWING TRADE
Trade Maturity expected Time : 1-15 days
As we can see the market tried to make double top but facing pressure from sellers , hence we are looking for opportunity to sell in expected correction if at all happens towards potential targets.
Buy and sell levels are indicated on charts with stop loss to be maintained for this trade setup.
Risk Reward is good enough and stop loss can be trailed in order to minimize risk if needed
Happy Hunting :)
Chintamani