Bajaj Auto looks bearish on Monthly TF by forming a shooting star and a bearish engulfing in Weekly TF and Bearish Divergence on RSI. The Target & SL has been updated on the chart. This is solely my view and for educational purpose only. let me know your thoughts in the comments section
BAJAJ finserv day chart looking for a fakeout in main support so we can go for long with yesterday low as sl
NSE:BAJAJ_AUTO Observations: 1) 15 min time frame chart for reference. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 28-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I...
A very beautiful price action, we can enter long above 3659.20 this level with some proper Bullish candle signal on 15 mins charts .
NSE:BAJFINANCE Observations: 1) On 1day time frame, we can see a resistance channel. Please refer below chart : 1day Time Frame. 2) On 15min time frame, we can see both resistance and support channel. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 25-03-2022 1) Don't Jump in to trade at...
Bajaj Auto Ltd showing reversal if sustain and break trendline then we can see long move
Bajaj Auto - Positional view. This is for risk-takers. And also maintain tight stop loss.
SUMMARY:- *again avoid a single day action candle we will witness a head and shoulder formation break in daily chart *in hourly time frame we can see double top formation breakdown *after initial selloff it re-tested the breakdown zone and came down again *one can wait to go short at higher levels near the breakdown line of 6900 *or one can initiate fresh shorts...
As we can see yellow trendline, i have shown how bears trapped bulls after touching trendline and fell two times but third time, this resistance trendline was finally breached upside. Now the thing is in monthly timeframe this trendline is never retested to bounce back and continue uptrend. So according to me, this line will be tested and work as extreme support...
NSE:BAJFINANCE Observations: 1) On 1 day time frame, it is taking support near from 200EMA and since last 3 days making lower lows. Today it made doji candle. right now immediate support is at 200EMA which is placed at 6684.79 level range. If it trades above Today's high then only it will be buy trade. Please refer below chart : 1day Time Frame. 2) ...
Looking good for long term investment ( minimum 1 year) ROCE : 36% PE : 13.8 Debt/equity : 0 200 Day moving average: 231 Volume: Increasing daily/weekly/monthly Currently trading at 40% lower from its 52w high. Resistance levels: 1st 267 2nd 310
bajaj-auto weekly demand and supply zone on chart , plan your trade accordingly.
bajaj finance may touch 7400 level buy at 7400 level
BAJAJ FINSERV is forming in the descending channel. After making the all-time high of 19325 , it has corrected 3000 points. The descending channel has the highest value of 19325 and the lowest value of 16273 . It has touched nine times on the control of descending channel. Even if the control line has provided reversal, the breakout of the control line...
Looks like Bajaj finders is not done yet. A very nice flag and pole on weekly. A breakout would bring a target of more than 20000.
NSE:BAJFINANCE Observations: 1) On 1 day time frame, it is just below the 21DMA which is placed at 6988.11 level 200DMA is placed at 6465.15 level which is major support. If it trades above 21DMA then there will be chances of up move. But if it faces resistance then it will be down fall again. So we can see that 6990-7000 will be major range. It will work as...
Bajaj Finance near its multi year support.Looks good to accumulate.
After a downtrend and a parallel channel ending near major support, BF is looking good for target of 8,000