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Bajajfinance

BAJAJFINANCE intraday setup and analysis🎇Hello Traders👋 Today i have made a post on BAJAJFINANCE 15m timeframe I hope you find this post helpful and informative👍 The targets and stoploss would be given in the charts or they would be according to pivot points Thank You —DISCLAIMER— I am not a SEBI registered financial advisor Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post I shall not be responsible for your profits and losses
NSE:BAJFINANCE
by profitpujari
BAJFINANCE | WHAT NEXT ? NSE:BAJFINANCE Please refer below daily chart for BAJFINANCE. 1) I can see 7486 level in short term, only if it maintains to stay above 6750 level then it will be sure buy trade. Then any dip above 6750 level will be buy opportunity. 2) Only one negative thing is that on daily chart RSI suggest 78.79 which is almost near to 80 and it can be consider as over bought. So I can expect profit booking and consolidation in coming days. 3) Any safe buy entry it will be better to let it get retraced/consolidated and don't have FOMO. 4) Another buy entry can be made only if it trades above today's closing and quick target can be today's high. 5) If you are looking to invest and hold for mid to long term then you can buy it with 50% of your planned capital at CMP and then another with 50% of your planned capital once it give dip above 6750 level. Please refer below chart.
NSE:BAJFINANCE
by Trading_hawk
1
Nifty ends at ATH Close above 16600NIFTY 50 EOD ANALYSIS -24-08-21 IN SUMMARY O / H / L / C 16561.4 / 16647.1 / 16495.3 / 16624.6 H-L = 152 VIX 13.19 / -3.65% FII DII: +730 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS Yet another gap-up opening was sold into. Yet, Nifty made a higher and a higher low. Nifty ended at ATH close and is now 70+ points away from the ATH level and this may be the hardest journey. A Pro gap-up opening was seen today indicating that the bulls are likely to buy at any dip in the index. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters BAJAJ FINSERV 28 HDFC BANK 23 BAJAJ FINANCE 20 ICICI BANK 12 RELIANCE 08 TOTAL 91 The Draggers INFOSYS 10 HDFC 08 TCS 04 NESTLE 03 ASIAN PAINTS 02 TOTAL 27 Lifter - Draggers = +64 The above explains how Nifty managed to close at the ATH level as the draggers proved ineffective. POSITIVES A sustained rally to end the day at ATH. HDFC BANK decisively cleared the long-time resistance of 1530-35. Even though HDFC, INFOSYS, and TCS ended in the red, they could not have any significant impact on the Nifty. BANK NIFTY helped Nifty as it soared 700+ points from the intraday low of 35070. NEGATIVES 16650 is likely to be a hard line to cross as the index immediately fell as it was close to that area. Similarly, for BANK NIFTY 35800 appears to be a tough one to clear as it retraced from around that area. FIIs have sold heavily in excess of 1,500 Crores and Nifty ends on an ATH! There is something that is still bugging the FIIs. TRADING RANGE FOR 25-8-21 The Nifty baseline moves up to 16400-450. The resistances are now from 16650 onwards. BANK NIFTY support base also slides to 34800-35000 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS As mentioned yesterday, TATAMOTORS has been witnessing intensive selling pressure for the last few days and today it breached its 200 DMA around 278 and made a low just above 268. It then made a smart recovery to close just above the 200 DMA but clearly, there was something at play and hopefully, it is now out of the way. MARUTI also came under pressure but it derived support from the earlier swing low which became the FIB level around 6745-50. However, it keeps getting sold into around 6825-50 and it barely managed to close above 6800. Another observation re MARUTI is its 6800 Aug CE. This call was witnessing wild swings and moved all over and quickly - sometimes, it rose well ahead of the spot moving up and then getting sold in to and going flat even when the spot moved up. There was something at play that was not visible on the charts. What do you feel? Thank you, and Happy Money Making! Umesh 24-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Bajaj Finance - Channel breakout 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade Comments
NSE:BAJFINANCELong
by PrakWorld_Traders
Ascending Triangle Breakout - Potential Upside Bajaj Finance has been a green bull ticker for the past 3-4 days and broken out of an Ascending triangle channel with good volume Moving Averages looking up, and MACD also under check. However RSI is at 70 and can be waited for a trading session to see if it cools down. Stop Loss is kept tight to avoid much downside at the bottom of the 2nd last candle. If it breaks the red line, we are looking for a potential downside to the dotted green line.
NSE:BAJFINANCELong
by Aayush_Rungta
Simple Trade Setup | BAJAJFINANCE | 16-08-2021NSE:BAJFINANCE Observations: 1) On 1hour time frame we can see that is near the critical channel zone. From which it has make it reversal in past. But this time will it be able to make it? Please refer Chart below: 1hour time frame. 2) On Daily Time frame, we can see that it faces resistance and closed below 21DMA on 13-08-2021 but it is still above 50DMA. If it is able to get support from 50DMA then it will be strong reversal. You can see the way it got support on 11 Aug candle from 50DMA range. Please refer chart below: 1 Day Time frame. 3) On 15min time frame it looks like, the inverted head and shoulder pattern is being formed. Please refer chart below: 15min time frame. Trade Setup for Date 16-08-2021: 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 target w.r.t price action working near that level tomorrow. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:BAJFINANCE
by Trading_hawk
22
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.
NSE:BAJFINANCE
by Trading_hawk
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. --------------------------------------------------------------------------------------------------------------- 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.
NSE:BAJFINANCELong
by Trading_hawk
36
BAJAJ FINANCE TARGET HIT | TRADE SETUP 28-07-2021NSE:BAJFINANCE Today Target 1 of 6278 hit easily and even if some might have hold then one can have achieved till 6300 easily. After that it went down and surprisingly it closes in range of our entry zone which is at 6230 level. This level was previously acting as a resistance Zone. About Open Interest 6300 level will be deciding level as today it had addition of highest put option writing even though it is in the money. On the other side total call writing is higher than put writing . But change in OI is higher on Put side at 6300 level. Apart from all 6400 is now having highest call writing . Trade setup for tomorrow. Now if tomorrow 6230 range works as Support zone then we can see easy up move towards 6300 level. No matter what it is advisable to book the profit at this level as well as partial profit at 6278 level which was our 1st target. Further if it holds and trade above 6300 level then we can see another up move and target mentioned on chart. Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:BAJFINANCELong
by Trading_hawk
2