BAJAJ FINSERV KEY LEVELS SUPPORT AND RESISTANCE 08/06/2020Key Levels for BAJAJ FINSERV : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~5317
FIRST TARGET~5358
INTERIM RESISTANCE~5425
FINAL RESISTANCE~5473
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LOWER BREAKOUT~5224
FIRST TARGET~5190
INTERIM SUPPORT~5141
FINAL SUPPORT~5092
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Bajajfinance
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 05/06/2020 FRIDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10063
FIRST TARGET~10095
INTERIM RESISTANCE~10139
FINAL RESISTANCE~10187
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LOWER BREAKOUT~9995
FIRST TARGET~9947
INTERIM SUPPORT~9903
FINAL SUPPORT~9859
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
IS BAJAJ FINANCE TRYING OUT TO COME FROM SELL MODE SEE !!OUTLOOK , TRADE AND INVESTMENT PLAN FOR BAJAJ FINANCE.
1. See when structure changes from impulse wave to corrective then once trader and investor favourite is now creating fear among invested people. That is what I say time to time that stock market is language of switching sentiments on spur of moment. I made a red channel whose lower band is not confirmed till yet Though I treat as a channel. Because of this structure. Right now price is taking resistance of white line. This can go to red upper zone where you will find channel upper band as resistance.
2. I showed two circles one green showing a shooting star candle with lot of pressure from channel upper band. Then you can see price drifted to down side . This candle is activated when next day closing is below shooting star. You can see white circle where an evening star pattern is made but not activated as next candle close is not above previous candle so it failed. And price moved down. The logic behind this explanation is to pull your attention towards shooting star message of down move which is still valid till price take out red zone . Price taken out and breach conditions are different my old followers know it very well . For new I attach the post so that this concept will be cleared. Since it is daily chart so lower time frame will be 4 hrs.
3. If red zone woks as resistance which i feel should work then you will see price coming to yellow support zone. If this is taken out then you will see price coming to lower band of red channel and white zone of upper end.This would be trade for this scrip in coming days. My sentiments for long will switch only when price takes out red dotted line where I showed green arrow.
4. For traders they have to follow lower time frames charts and positional traders follow 4 hrs and daily . For investors they should wait to come to yellow zone half should be invested here rest in white support zone.
5. Follow all conditions is must .This is no request one of my followers and dedicated to all traders and investors of this stock. Rest market will decide.
note. All trading and investment positions should be taken from the consultant of financial advisor .
YOGESH VATS
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If Bajaj Finance break 1948 with Volume then go longIf Bajaj Finance break 1948 with Volume then go long With Target of 2070 and Sl- 1906
Disclaimer :- I am not a financial advisor , if you take any decision for buy or sell then do a self research as well.
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Bajaj finance Elliott wave analysis.This the classic example of Elliott wave theory . Bajaj finance completed its first wave near 4922 and after that in wave 2 fall was fast and furious and it seems price has terminated near 1914 , which is 61.8% retracement level of wave 1. At lower level I have noticed triangle formation near bottom of wave 2. So I expect breakout will come in this stock very soon and price should go up towards 3418 level in near term.
NSE:BAJFINANCE