BajajFinance - will go up if it break upIf it break the trendline above then it would reach 3500 levels
Bajajfinance
BAJAJFINANCE| BUY |ASCENDING TRIANGLE PATTERN FORMING STRONGLY |BAJAJFINANCE
HELLO EVERYONE, TODAY I OBSERVED THAT THE BAJAJ FINANCE IS GOING UP VERY STRONGLY, WITH MAKING A PATTERN CALLED ASCENDING TRIANGLE PATTERN SO, I THINKS THAT IN NEAR FUTURE WE MAY SEE SOME BIG MOVEMENTS IN THE STOCK TO UPSIDE AND BULLS MAY WIN.
BAJAJ AUTO SUPPORT AND RESISTANCE For past 4 days BAJAJ AUTO has been trading in a parallel channel or range and range breakout can give good movement on either side.
t.me
Key Levels for BAJAJ AUTO are:
Upper Breakout~2777
Interim Resistance~2804
Final Resistance~2830
**Lower Levels**
Lower Breakout~2714
Interim Support~2684
Final Support~2653
Watch out for these levels while trading. Please trade with caution and consult your financial adviser before trading. You can also join our TELEGRAM channel from the below mentioned link, t.me
Bajaj Finance 15 Mins simple charting!In this chart we can clearly see that this stock rallied today as on 6/8/19 and has entered its strong resistence zone. It has failed nearly 25 times before from this level. A strong close above 3303 and above can show us approx 3344 marks on the charts. Beware of the volatile market and go with the trend. Do not take any position as this article is just for analysis. Thank you.
BAJAJ FINANCE IS BEARISHIF IT BREAKS THE TREND LINE STRONGLY IT MAY GO UPTREND.OTHERWISE IT HAS A CHANCE TO GO DOWNTREND .
Bajaj Finance | Descending Triangle & Bear Flag observedBajaj Finance shows dual pattern. One is a Descending triangle pattern implying a bearish outlook and the other is a Bear flag indicating bearish continuation. Both the pattern looks valid by breaking the common price of confirmation at 3380.
Descending Triangle: Depth of pattern looks to originate from 3760 towards the base of 3380, forming a considerable 380 points. Pattern is valid as price closed below 3380. Hence, technical target would be at 3000 based on the pattern. That accounts for a fall of little more than 10% from 3380.
Bear Flag: Depth of pattern looks to originate from 3525 towards the base of 3380, forming 145 points. Pattern is valid as price closed below 3380. Technical target would be at 3235 according to this pattern. That accounts for a fall of little more than 4% from 3380.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Bajaj Finance | Confluence of ResistanceBajaj Finance has hit a confluence of resistance. Should be a good place to initiate shorts will stop above 50 SMA.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Bajaj Finance | Levels to watch: 3360-3600Falling nearly 10% yesterday, the stock is exhibiting some fight back by gaining 5% (at the time of posting). The bounce was helped by demand zone between 3360 & 3375 where we could also observe 50 SMA level. That justifies the bounce technically. Currently the gain has run in to level where it appears to shown some loss of momentum partly because of the resistance area around 3560. The up move also appears to retest the trendline broken yesterday. This leads us to believe that 3560 - 3600 can act as a respectable resistance.
By considering the above discussed points, initiating new positions might be tricky. Hence it would be prudent to make only short term entries (reducing our time inside market) until we get a clear direction on either side. One cannot rule out the possibility of price hovering between the range 3360 & 3600 for a while.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals.)
BAJAJ FINANCE | Rising Channel & Bull Flag seenBajaj Finance trading along a channel, has hit the upper end. There might be a small drop from this level if the channel is to hold. Also notice a bullish continuation pattern formed within the channel. Hence, if the channel upper end is broken, we can expect the stock to move to 3695 level.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
BAJFINANCE: BUY at 2984 SL 2930 TGT 3200WAIT FOR ENTRY and only then buy in small quantities in CASH Market. Currently Its coming down.
Bajaj Finace Moving Between the rangebajaj finance can be considered as long term investment , and below trend line can act as support or can act as entry price for long term investing.
