Bajajfinance
BAJFINANCE BUYI hope you can now see how the Bajfinance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Bajaj Finance Investment CallBajaj Finance Buy On Dips. As Stock Forming HH & HL.
Stock So Punctual to trendline
Its Moving With A Support at 3120
Tgt 3900 +++ Positionally
Short Term SL 3100
Medium Term SL 2800
As it close Above 3370 It Make Get Power to Blast.
Currently Stock is Consolidating for deep Buy.
Do Your Own Research before any trade
(Intraday)Sell ! Bajaj Finance
1. Hanging Man Formation on weekly chart.
2. The price is at 50% Retracement Level.
3. XB= 62(Near to 61.8%) , AC=1.109(Near to 1.13) . It Satisfy the Cypher Pattern on Hour Chart.
4. Assuming XD=0.786 (For the Complete Formation of Cypher Pattern) , D Point to 3330.
5. CMP :3316 near to 3330 . To keep the Trade Safe Wait for the Trend Line Break Out Must Happen.
RULE: DAY MUST START WITH RED CANDLE TO ACTIVATE THIS TRADE.
SELL BELOW: 3303 TARGET: 3285 , 3273 STOP LOSS:3317
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Elliott wave countMy calculation says that bullish momentum in BajFin is still not over and it can stretch to 4075, provided the current top is not the end of larger wave 5. I think we are still in wave 5 and correction is due for 3045 in coming session where buying should start with stop loss below 2800 for target of 4075. If present wave is the end of large wave 5 then this view will be negated. Let's see how things pan out.
Bajaj Finance - Bullish near historical levelsCurrently Bajaj finance is range bound. 3125 and 3380. these are the extreme ends where it is seeing a strong level of support and resistance respectively.
It can only move towards the next zone and hit 3700 levels once it crosses and sustains 3400+ levels for a complete day trade.
Looking at the historical moves, we can see that whenever such level of resistance is encountered, the script moves above it only when the uptrend line crosses that level.
This is just my observation, but if this is to be true, then it may move above the 3400+ levels around July 25th. I am not a pro in time bound analysis, but lets see if this hold good.
Trend will reverse to bearish side, if it breaks the lower range of 3125 and remains below 3100 levels for a complete day session.
That will be like breaking the upmove trend and then it might reverse completely. Would consider fresh buying only above 3400 levels.
Bajaj FinanceNear to over bought level SL 3400-3420.
Short at CMP.
Target 3100, 2800, 2500, 2200.
Let it close below 3250 then we,can see a major fall in,d stock. With supports at given above levels,
It has,form a,Bullish Pennant pattern on d chart. Need to give a promising close above 3420-3460 level.
If that is,also crosses and gave close above 3420-3460 then another rally of 200-300 points,possible
with target of 3700+
Until then candidate for a downfall.
Bajaj Finance LTD chart analysis:Bajaj Finance has already formed a descending triangle.
It has break its triangle in up-direction and now this stock is following an up-direction.
You can see in the chart i have mentioned "continues up-move"
after every continues up move the stock always form a small triangle and there is a price rotation.
The stock has taken perfectly it's support every-time.
BAJAJ FINANCE ACHIEVED MY ALL TARGETS FOR LAST 3 WEEKS WHAT NEXTHi Traders,
1. I have been providing regularly the update on bajaj finance whatever the targets , I gave all were met continuously. Last week post In point no.1 I wrote is quoting for your authentication how word to word stock reacted as shared " There you can see a pink circle showing a variation of dark cloud pattern of a candlestick. This is activated now as the last trading candle has closed below the pattern's second candle low. If the next day trading candle is closed below the white candle low then the price is expected to go in next week to the blue and red dotted line.". See the previous figure at the lower band of white zone three is one small candle Doji type candle which gave closing above the low of the previous white candle. That I explained in point no.1 of the previous post and quoted above. See how price takes my words to move the next day. The purpose is to authenticate my statements is to motivate you all to learn this unique language and Grow in your life. In my 14 years of the journey when I learned you all can learn if that sort of hard work anybody can put.
2. In point no 4 of the previous post I clearly mentioned is quoting for as proof of my statement " If price takes out on 4 hrs time frame the upper pink line then the price will move to a red color upper line." You can see priced reached red upper line. This is how I manifest my trades before any moves. Proving in every post in the form of my conditions. The trading view is full of my record of 185+ posts in a short span of three months.
Trade Plan For Next Week
1. I made a yellow zone If the next session price sustains this then get chances of going up will remain intact otherwise price can go to pink zone.
Here one condition is to be followed carefully is of the sustainability of price in a yellow zone does not mean that price is ready to cross the red upper zone. if sustains then the price will move to the upper red zone. But until it takes out in both time frames It will not achieve next target of the white upper line.
2. Those new to read my blogs for them I write taken out condition it is essential to get cleared all concept of this condition. otherwise, you will not able to take the correct decision for your trade." Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
3. In any case, If the pink zone is taken out in both time frames then the trend will reverse to the downside. Those holding long should clear their position when you find the price has breached the upper band of the pink zone in 30 min and do not come back in that time frame. That would be a safe approach. You can enter longs again if the pink color zone taken out condition get failed. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Bajaj Finance share analysis for short and long term bajaj finance is trending in the market from past few weeks it has given many opportunities to buy the stock, here are some opportunities to get good profits the levels in the graph shows short lower trend but in the longer trend there is a big scope for the uptrend from the levels 3340-3200 is the down trend there is a longer positive trend if it touches the 3200 level. this level may act as a strong support and if it falls the below levels then the down trend will continues.
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# 19 Long Bajaj Finance for a Target of 3550 and 3700NSE:BAJFINANCE
Reason Being:
1. Bullish Flag Breakout
Every Price Action Pattern after breakout provides some Target Range and according to Triangle:
Long Above: 3125
Target Price: 3550 and 3700
View Negated Below: 2950
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
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Daily Bajaj Finance Ltd Wolfe Wave Chart Daily Bajaj Finance Ltd Wolfe Wave Chart
Strong Resistance At Current High : 3125
Strong Sell Sign At Point : 2950-2975 Near
Take Profit 1 : 2700
Take Profit 2 : 2500
Stoploss : 3125 ( Current High)
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