BAJAJ ELECTRICALS BUY SIGNALBajaj Electricals on daily timeframe 1 year chart seen strong BUY signal today ..strong triangle breakout with very good volume up more then 7% at closing. chart shows stock corrected from 1600 odd level to around 950-970 level and bottom out that level, trend reversal confirm today's bullish candle .
Bullish histogram seen on chart .
co posted good quarter result in sept quarter compare to last few quarter so fundamentals is inline, latest guidance given by co officials is also positive and that result will be seen in near future
BUY BAJAJ ELECTRICALS cmp @1124.70
Target 1250-1450 ( 2-3 month )
Stop loss 950
Support -S , Resistance - R mention on chart.
please make own study and take a call ...hope this idea useful and profitable to your analysis .
HAPPY TRADING.!!
Bajaj
Simple Trade Setup | BAJFINANCE | 2nd Week Nov 2021 [ intraday ]NSE:BAJFINANCE
These levels are for this week of Nov 2021.
Observations:
1) On daily time frame, we can see that it took good support from 10DMA but closed below 21DMA.
10DMA is placed at 7545.32 level
and 21DMA is placed at 7676.76 level.
21DMA is immediate resistance while 10DMA is immediate major support now.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 09-11-2021:
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Positional Long/Buy Trade Setup | BAJAJ ELECTRIC | NSE:BAJAJELEC
This is only for positional trade. Short - mid term.
1) On daily time frame, we can see it sustain and took support from 200DMA.
Also closed above major support zone of 1075-1100 level range.
Please refer below chart : 1day Time Frame.
Keep your positional Trade with strict SL.
Simple Trade Setup | BAJAJ AUTO | 25-10-2021 [ INTRADAY]NSE:BAJAJ_AUTO
Observations:
1) On daily time, it took support from 50DMA and and closed below 200DMA. Good thing is that today it went up above 200DMA.
And now stucked with green candle between 50DMA and 200DMA.
Breakout of 200DMA will give it good up move. 200DMA is placed at 3882.65.
50DMA will work as immediate support.
Also volume has been increasing in last 4 days.
Please refer below chart : 1day Time Frame.
2) On daily time frame, we can see the immediate critical resistance zone is from 3873-3885.
Please refer below chart : 1day Time Frame.
3) On 1hr time frame now the resistance line worked as support trendline. It took support from it today.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 25-10-2021:
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BAJFINANCE | 22-10-2021 [INTRADAY]NSE:BAJFINANCE
All the levels and trade setup remains same.
Trade Setup for Date 22-10-2021:
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BAJFINANCE | 21-10-2021 [intraday]NSE:BAJFINANCE
Observations:
1) On 1 day time frame, it managed to close above 21DMA after volatile session.
21DMA is placed at 7752.89 level.
Also if we apply FIB Retracement then we can see that it took good reversal from 61.80% level of FIB retracement.
As per FIB LEVEL Major resistance is at 7748. Breakout of the same will make it bullish.
Major Critical support is at 7584.70 level range.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 21-10-2021:
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BAJFINANCE | 19-10-2021NSE:BAJFINANCE
Observations:
1) On 1 day time frame, we can see that after opening gap up since last two days it is facing profit booking.
But good thing is that it took support from 10DMA and closed above 7850 level. Which is partially good sign for BAJFINANCE.
If we see in recent days, it spend very less days below 10DMA. Hence breakdown of 10DMA on daily time frame it will give bearish move for short time.
And if it sustain then we can see bullish move continue.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see it is trading in parallel uptrend channel.
It is near the support trendline of parallel channel. If it gets good support from it then it will be bullish till the resistance trendline of parallel channel.
If it breaks down support trendline of parallel channel then it will be bearish.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 19-10-2021:
Most of the levels will remains the same as per previous setup.
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BAJAJ AUTOThis stock has recently done breakout in daily time frame with good intensity of volume, and it looks like new impulse as a wave 3 has been started, as wave 3 unfolds we can see this stock at 4000 - 4200 levels, on down side 3830 is a crucial support which is 20 sma mid bollinger band and coincide 40 day ema, both are around same levels to watch out for.
breakout with good intensity of volume
current wave structure could be like this
macd in weekly uptick above zero line
macd in daily positive and uptick and also above zero line
rsi in daily above 60
dmi adx positive ungali setup in weekly
dmi adx positive ungali setup in daily
Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
BAJAJ FINANCE FULL TECHNICAL ANALYSISMonthly timeframe spining top.weekly consolidating.profit booking occur coming days upto 7000,6800.fresh buy above 8000 with strong volume.be cautious coming days.option side is favour of call writers 7800CE,8000CE.any reversal candle with strong volume downside we take 7500pe for option buyers
Simple Trade Setup | BAJFINANCE | 01-10-2021 [INTRADAY]NSE:BAJFINANCE
Observations:
1) If you rememer it had made head and shoulder pattern and gave breakdown of neckline from it on 30min time frame. Now today it has closed above the neckline and now this neckline will works as support.
Please refer below chart : 30 min Time Frame.
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Trade Setup for Date 01-10-2021:
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | BAJFINANCE | 27-09-2021 [INTRADAY]NSE:BAJFINANCE
Observations:
1) On 30 min time frame, we can see that it will form head and shoulder pattern. And breakdown of neckline will give good selling opportunity.
Please refer below chart : 30min time frame.
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Trade Setup for Date 27-09-2021:
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Bajaj Auto Trade Setup For TomorrowBajaj Auto has already given the breakout, 3900 level was the strong resistance,
.
And Bajaj Auto share already broke the level on today.
.
So for tomorrow we can expect the good move and it wil more strong, once it goes above 4000,
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Short term targets is 4200.
.
What's your view on this comment below in the box.
Simple Trade Setup | BAJFINANCE | 20-09-2021NSE:BAJFINANCE
Observations:
1) On Daily Time Frame: It has closing below 10DMA since last 4 days. And as per history, it remains below 10DMA for few days only. There may be case that it will break and will cross over it.
Please refer below chart : Daily time frame.
Just for reference.
Please refer below chart : 15time frame.
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Trade Setup for Date 20-09-2021:
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.