BAJAJFINANCE KEY LEVELS SUPPORT AND RESISTANCE 15/05/2020 RESULTKey Levels for BAJAJ FINANCE: RESULTS DAY
UPPER BREAKOUT~2135
FIRST TARGET~2155
INTERIM RESISTANCE~2180
FINAL RESISTANCE~2207
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LOWER BREAKOUT~2093
FIRST TARGET~2076
INTERIM SUPPORT~2047
FINAL SUPPORT~2015
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Bajajfinance
Buy bajaj finance for the target 2212Buy bajaj finance at cmp for the target of 2212 (short term target). As we can see the stock was in a accumulation mode for more than a week. Institutions were accumulating the stock at lower level. It seems like they have completed accumulating the stock and its ready for a big upmove. Good price action + Good volume .
Bullish Flag Pattern In Bajaj FinanceIf you look at today's chat of bajaj finance, you will note that it had developed bullish flag pattern in 15 min time frame. Breakout either side of this flag will give you 20-25 points gain in 28th april 2020 trade.
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Hammer in Bajaj Financewe discussed earlier in the previous chart that bajaj finance has made bullish flag pattern in 15 min chart. But When you see today daily candle, you will notice that it has made a Hammer Candle which means that down trend which started from 4923 may have come to an end now and this stock may reverse from here.
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BajajFinance V2If i make it short, looks like bajaj finance is going to have a bad diarrhea. The red line is a big barrier and if it breaks then we will see a gap filled (unlikely) and hit orange like. Im being simple an on point. Short below 2155 for targets 2140 2134 and 2126. Please Trail SL to profits if you are in. please dont long in bajaj finance anytime now. You can get this stock at much lower levels.
Bajaj Finance OverviewBajaj Finance is in a very crucial stage. Most likely tomorrow it shall open gap down, and there are two cases for this.
1st Case - The Both red lines marked will act very crucial for BAJFIN. Any close above or below may set a new trend
2nd Case - Common Gaps are filled quickly so dont keep any short positions for a long time, rather buy at low levels for a long term perspective. If it falls at that level then most likely to move sideways, but must break with volume
if it does fall Sell at 2070 with SL 2090 with targets of 2055, 2045 and 2035. Follow levels.
Below 1906, it can slide of easily but we can expect a NON Rejection of price there.