BAJAJ FINANCE TARGET AND LEVELS | 23-07-2021NSE:BAJFINANCE
BAJFINANCE looks positive to buy above 6230.
Option chain data shows short covering/call unwinding till 6500 level. Also highest open interest is at 6500 which will act as a good resistance in this July month.
If it goes down to test the support till 6180 or even low to 6130 then wait until it gets support from there and gives sign of reversal with strong green candle on 15min chart and it should have a green candle after it. Once go long above this level as well but for safe trader better to go long above 6230 level only and once it shows 15min green candle and it should have a green candle after it.
Do not get in to short/sell position at this moment.
Targets are mentioned on the charts. Better to keep booking your profit tomorrow.
Do comments if you have any doubt.
Hope my ideas are helping you to understand price action and levels.
Bajajfinance
BAJAJFINANCE levels.NSE:BAJFINANCE
It has been trading in range between 6100 to 6200 since 9th July.
6100 have highest Put open interest and 6200 have highest Call open interest in July expiry options.
6100 is working as immediate support and 6200 is working as immediate resistance. And stock is also taking resistance from the trendline shown in the chart.
It is worth to watch and keep an eye on this stock. Any break on either side will give a significant move.
Buy only once the 6200 to 6225 range is breakouts properly. And sell only below 6094 after it breaks down it. It will give good profit on either side.
Don't jump in the trade without getting clear breakout or breakdown confirmation.
Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.
All the best for trading in next week. Have a good weekend.
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