Simple Trade Setup | Bajaj Finance | 12-08-2021NSE:BAJFINANCE
Simple Trade Setup:
On Daily Time frame it remains below 21DMA which is placed in range of 6190 level. But today's daily candle looks pretty much reversal.
Please refer below chart.
Now on 15min time frame previous trade levels will remains the same. Levels and targets are mentioned on the chart. Hope it is easy to understand.
All the levels will work as support , resistance, entry and exit w.r.t to price action near to that level tomorrow.
Do comment you doubt or suggestion.
All the best.
Bajaj
Simple Trade Setup | Bajaj Finance | 10-08-2021NSE:BAJFINANCE
Simple Trade Setup
If it opens in no trading zone then wait for first 15-20 minutes to let the early trading noise get settled.
Once it break 6230 level or trendline then it will be entry for buy trade. But a 15min candle breakout of this is required and it should be followed buy 2 - 5min candle trading above this level.
Don't jump in to trade at early. Let it get settled.
But if it breaks down 6180 level then it can be entry for sell side but safe sell trade entry will be breakdown of 6150 level with 15min red candle.
All other levels will work as target, resistance, support, entry & exit point w.r.t to how price action is working tomorrow near that level.
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On Daily Time frame, today it has closed just above 21DMA. 21DMA is placed at 6190 level. Which is a good sign.
So far it has been taking support from 21DMA on daily time frame.
Also it has been following trendline and taking support from it on daily time frame.
Refer below chart.
Tomorrow, 10-08-2021, will be good day to observe and take the trade as per trade setup only and trade with SL.
Do comment your doubt or suggestion.
all the best.
Simple Trade Setup | Bajaj Finance | 06-08-2021NSE:BAJFINANCE
Today it was very much bearish. But the good thing is that it took support above 6230 level and closed above that range.
One can take the buy trade if it sustain support level of 6230 or 6250 and takes support from it. Also during this range if RSI is going up then it will give bullish movement.
Safe Buy and sell Trade levels are mentioned on the chart.
Do comment your doubt or comment if any.
Multiple year breakout | Bajaj Hind SugarNSE:BAJAJHIND
1st breakout already happened and it has sustained it. No in this month it has tried to break the next level but failed and coming down to check the support level of 17.
And if it gets the support from 17 then in next month we can see a good move in this stock.
Once can enter from this current level as well another safe entry point will be from 25 level.
Target will be 25,30,35,45 +++ But it is not advisable to add all your capital in this stock. Mostly it trades in upper and lower circuits.
Comment your suggestions or doubts.
BAJAJ FINANCE REVIEW 23-07-2021 | TRADE SETUP FOR 26-07-2021NSE:BAJFINANCE
Today, 23-07-2021, BAJFINANCE took support from trend line but couldn't trade above our entry point 6230. It made 6225 high but faced resistance from there.
Our levels and target remains same. Buy/long trade will be only activated above 6230 levels. It closed today above 6180 level which is also our marked level. If this level works as support then we will remain bullish. If this support 6180 level breaks then next support it trendline itself. And if the trendline break then next vert important support is in the range of 6094-6100.
My personal view is to go short/sell trade only below 6100. Otherwise you might get trapped in the wrong signal on bearish side. Right now as far as it is trading above trendline and 6180 it has more probability for the bullish trade.
Don't rush in to trade if it gap up on Monday let it get settled for 15-20 minute.
I hope my ideas are helping you to understand price action and levels.
Do comment if you have doubt/suggestion.
BAJAJ FINSV 💸💰💸Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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BAJAJ_AUTO 🛺🛺GOOD FOR A QUICK OPTION
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS , MOTHERSUMI , DLF , BRITANNIA
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together
#56 AAJ BAJAJ DAY😝#56(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also linked my views on stocks which on the verge of breakout BELOW.
Leave a comment that is helpful or encouraging. Let's master the markets together .
Bajaj Holding (Better be Long Side)I am looking for Buy setup on Bajaj Holding Above 3543 with Stoploss of 3516, Target:1- 3584, Target-2: 3620.
Short term Positional trade.
This is analysis for my own trading and to help other to make their view. Take Paper trade with me and see the result in 1-2 months of trading then start taking small trades with me and don't forget to like my study.
A Positional trade Setup This post I have created for education purpose for the beginners.
This is simple analysis without using any indicator.
One should use 30 min timeframe for intraday only just to see what's happening on big timeframe.
30 min TF is not good for intraday and I wouldn't suggest this to anyone.
My stoploss would be below the breakout candle also because it is below support now.
Some people may keep below the support line of pattern.
That differs person to person as per their risk management.
First learn to analyze the message of the candlesticks and their formations.
And then step up on the indicators, cause indicators are build up on candlesticks, so understand the chart message and then see what other things (indicators) are indicating(if you want to use).
And also you should also see the market indices, cause they may impact.
Indices, sectoral indices should be in trend favour too.