Bajaj
Short! Bajaj Finserv with AB=CD
1. On Drawing AB=CD Pattern on Recent High and Low.
2. Reversal Level D Point with 1.27 Fibonacci Retracement form at 4390.
3. Sell Below 4505 Target:4465 , 4400 Stop Loss 4545.
Financial Analysis.
Bajaj Finserv look attractive now.
1. P/E is the Third Highest in industry.
2. EV/EBITA is the Third Lowest in The Industry.
3. May Give better return after Lockdown.
4. Pre Covid Trading Price around 9K
5. Best Time for the long term investor.
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Hammer in Bajaj Financewe discussed earlier in the previous chart that bajaj finance has made bullish flag pattern in 15 min chart. But When you see today daily candle, you will notice that it has made a Hammer Candle which means that down trend which started from 4923 may have come to an end now and this stock may reverse from here.
My view is only for educational purpose.
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BajajFinance V2If i make it short, looks like bajaj finance is going to have a bad diarrhea. The red line is a big barrier and if it breaks then we will see a gap filled (unlikely) and hit orange like. Im being simple an on point. Short below 2155 for targets 2140 2134 and 2126. Please Trail SL to profits if you are in. please dont long in bajaj finance anytime now. You can get this stock at much lower levels.
Bajaj Finance OverviewBajaj Finance is in a very crucial stage. Most likely tomorrow it shall open gap down, and there are two cases for this.
1st Case - The Both red lines marked will act very crucial for BAJFIN. Any close above or below may set a new trend
2nd Case - Common Gaps are filled quickly so dont keep any short positions for a long time, rather buy at low levels for a long term perspective. If it falls at that level then most likely to move sideways, but must break with volume
if it does fall Sell at 2070 with SL 2090 with targets of 2055, 2045 and 2035. Follow levels.
Below 1906, it can slide of easily but we can expect a NON Rejection of price there.
BAJAJ FINANCE LONG BAJAJ FINANCE MAINING TTRIANGLE IN 60 MIN ) YOU CAN LONG FROM HERE
LONG ABOVE 2266
STOP 2160
TARGET 2300-2401-2500-2600
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PAIR TRADE IN MARUTI-VS-BAJAJ AUTO !!(DEC FUT)!!PAIR TRADE IN MARUTI-VS-BAJAJ AUTO
TRADE SETUP
HOLDING PERIOD:-2 TO 10 TRADING DAYS
ALL TRADES IN DEC FUT AND CASH FOR MATCHING VALUES
MARUTI
DEC FUT
BUY @7180
LOT:75
QTY:3"IMP"
TOTAL VALUE=16.16 LAC
BAJAJ AUTO
DEC FUT
SHORT@3260
LOT:250
QTY:2
TOTAL VALUE=16.30 LAC
"PAIR TRADES NEEDS TIME TO GENERATE INCOME"
"STAY TUNED FOR EXITS"
Bajaj Auto is facing resistance on RSI levelsearlier the RSI levels re working as support, but now it started working as resistance.
It may go upto 2890-2900( FIBO-63.8 levels), there it will again face resistance.
as per PA, it has formed Inside bar, so currently it is in wait and watch position.
Buy above 2840 for 2900