Bajaj Finserv DoubleBottom RSIDivergenceBajaj Finserv has formed a Double Bottom pattern, while RSI is making higher lows which is clear sign of RSI Bullish Divergence.
Entry:
We can go long on open of next candle.
Stoploss: (Never trade without a stoploss)
We can keep stoploss below the double bottom support zone.
Target:
We can keep the Target 1 & Target 2 near the next resistance zones as marked on chart.
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Bajajfinance
Swing Buy Opportunity in BajajFinanceGood Buy opportunity in Bajajfinance as per 1:1.5 Risk Reward Ration.
The stock has taken support on 200EMA and has given a breakout.
Note: This information is for Learning/entertainment purpose only and should not be treated as any trade recommendation. Please do research and consult your advisor prior to taking any actions.
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BAJAJ FINANCE failed to break resistance, can fall till 6600BAJAJ Finance could not cross the weekly resistance line and fall from that line was sharp.
BAJAJ FINANCE have also completed the motive wave of elliot, the corrective wave is pending. We can take short trade using dotted green line as stop loss and can initiate a short trade in this counter.
Disclaimer - The above idea is only for education purpose.
Sell Bajaj Finance below 7177
Sell Bajaj Finance below 7177 target 7100. Reason for Sell, If we club 3 daily timeframe candles then it will form shooting star at top of trend.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Baja Finance Bearish Broadening Pattern📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Broadening Channel
📌 Symbol/Asset: Bajaj Finance
🔍 Description:
Bajaj fInance moving in a broadening channel might touch the support in the coming days
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
BAJFINANCE intraday Levels : 16-Jun-23BAJFINANCE imp zones mentioned on chart , all reversal and expected move mentioned with Arrow line, RED: Sell, Green: Buy
Sell< 7094 SL:7145 Target:7060,7020,6930
Buy> 7145 SL: 7095 Target : 7180,7205,7250
Wait for Proper Rejection :
@Support : Bullish
@Resistance : Bearish
USE SL TRAILING
Any query do comment
*All views for educational purpose only
Sell BajajFinance below 1782Sell Bajaj Finance below 1782. Reason for Sell, Divergence in RSI. Also Body of Bearish candle of 14th June covering previous day Bullish candle.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
BAJFINANCE Intraday Analysis : 14-Jun-23BAJAJFINANCE imp zones mentioned on chart and expected direction and reversal points on chart
Buy>7180 SL: 7155
Target : 7200,7240,7300
Sell<7155 SL: 7181
Target : 7140,7110,7020
Wait for Proper Rejection :
@Support : Bullish
@Resistance : Bearish
Any query do comment
*All views for educational purpose only
Bullish Bajaj FinancePrice took support at the major support level and formed a "W" pattern. After the break-out of the "W" pattern price is sustained at the break-out level, and price formation looks bullish.
Trade can be executed with a good RR ratio.
The above chart is only for educational purposes only. Please don't trade based on the above chart only. Take your informed decision on yourself.
Bajaj finance chart studyBajaj finance spot cmp 6186.
240 mins time frame.
Price action study
Descending wedge pattern formation.
Counter is trading around supply zone as per descending trend line.
RSI is at historical levels, where counter makes peak and reverse.
Bearish reversal confirmation by candle.
Counter might take pause in this bullish trend or can also retrace deeper if the recent high is not cleared on closing basis.
So its alert for bulls to be at door step, as bears may take entry.
view remains valid till the high is not taken out on closing basis
BAJFINANCE - Swing TradeBAJFINANCE
Buy-Above 5900
Sl-5500
T- 6600 7250
Stocks has formed reversal structural in daily daily. It has closed above the Last swing high. Also breakout of the trendline an retest has been done. As of now we will give some space in sl but as it moves further and makes another leg then will trail sl to last swing low in daily TF.
BajajFinance | Daily chart shows break of falling channelBacked with the Q4 business updates that says company has recorded:
- highest ever increase in customer franchise in FY 2023
- new loans booked at 7.6 million vs 6.3 million (YoY)
- AUM up 29% YoY
a possible range of falling channel of 4.50 - 5.0% may be seen on charts ahead of RBI rates decision ahead this week.
negation of long view happens below 5520~
Let's see.
Bajaj Finance Swing TradeDouble Bottom Pattern is formed on daily chart while the RSI is making higher lows which is sign of RSI Bullish Divergence . We can take a swing trade here.
Entry:
We can go long after close of strong bullish candle near the support zone .
Target:
We can keep the target near the resistance zone which will be also the neckline of W pattern as marked on chart.
Stoploss:
We can keep stoploss below the double bottom support zone .
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