RETAILERS PUSHED OUT AND NOW PREPARING FOR BEARISH RUNAs you can see clearly , Institutions have gone to take out for liquidity and is now showing signs of reversal. Red line is the resistance and price should fill it before turning bearish. Blue lines are take profit lines.
Disclaimer: I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
Bajajfinance
BAJAJ FINANCE SHORTTarget 1 2813.10
Target 2 2736.15
(If it Breaks and Sustain below)
Target 3 2559.55
(If it Breaks and Sustain below)
Than Next Target is 23731.95
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Disclaimer: I am not SEBI Registered, before taking any positions to contact your financial advisor,
I am not responsible for any Profits or Losses, whatever Iam providing here is the purely
educational and informational point of view
BAJAJ AUTO LTD. LOOKS UPSIDE BAJAJ-AUTO LTD. has made good Support on bottom line @ 2840
Also has made Dragonfly Doji Pattern which shows some Recovery for Upside.
BAJAJ-AUTO
Made a good Support @2840
DRAGONFLY DOJI CANDLE PATTERN
CMP @2898.20
TGT-- 2.970--3030
Stop Loss @ 2840
2-3 Days Expected
{ALL MY VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
Bajaj Finance Wave 5 Ending Diagonal Final leg of UpmoveDISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
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Bajaj Finance gave breakout from Ending diagonal in Wave C and since then moved up now in final 5th wave formed Ending Diagonal in Wave five (5).
Confirmation: We see (iv) right now completed since 3 up side candles and started wave (v). It also moved nearly 0.5 fib level 3570.
Next possible Wave 5 target 3670 which is 0.786 fib level.
If wave (v) not truncated then possible to touch 3770,3820,3870 levels.
Once wave (v) ENDs downside will start.
Bajaj Finance: Boxes and BreakoutsBajaj narrows down in a price range in a parallel box, followed by a breakout.
Every breakout suffers a minor pullback and then uptrend resumes.
Current price levels have came out of parallel box. A bit exhaustion can be observed and even volumes have dropped a bit.
After a minor pullback , it will upmove again.
Please note there is a resistance zone near 3800 levels so it has to cross the zone for more upmove till 4100.
Bajaj Finance: Shifting Price LevelsBajaj Finance fell today post result declaration. A mega bull run has halted temporarily.
Much need correction in price has been started.
Scrip is following consolidation followed by a brief upmove strategy, Thus shifting price levels in a ladder-like structure.
It will retest the 3115-3130 levels on further correction( lower levels of Top-most rectangle). And can start its uptrend journey here to 3500 levels.
If broke the 3115 level, expected further correction till 3010.
As expected,The beginning of uptrend is started in Bajaj FinanceNSE:BAJFINANCE
Hi Traders,
As expected in previous idea ( "Bajaj Finance Long" ), Stock has broken resistance line and start moving in upward direction.
There is a possibility of temporary retracement to suggested resistance line (3523). If so, you can open new orders based on price action.
Stock Analysis
* Stock was in a range and developing higher high and lower low pattern between this range with support of trend line.
* It could not give closing above 3523. Today it has broken resistance line (3523).
* The beginning of uptrend is started.
Buy Level
3330 (Given in previous idea)
Target Level
TP1= 3821
TP2= 3983
TP3= 4244
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