BANKNIFTY ANALYSIS FOR [21-10-2022]NSE:BANKNIFTY
Banknifty all essential levels are marked on the chart.
Its moving in a channel and facing heavy resistance at the top so trade with caution on long side.
We might see the market opens on a negative note.
Always trade with stoploss to avoid big drawdowns
=Nifty doesn't look good for now so I will be avoiding trades in it
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keep learning.
Bajajfinance
Bajaj Finance SHORT Trade, Head & Shoulders TOP!Attached: Hourly Chart
A Clear Cut Distribution Pattern is visible for Bajaj Finance. This Pattern is called the Head & Shoulders Top Pattern and is a Trend Reversal Pattern.
In this case, there is a BEARISH Implication
One can Short at CMP
Stop Loss above 7380
Downside Target open to 6900- 6800
Stay Safe
And Happy Trading!
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Bajaj Finserv Very bullish BreakOut & Retesting DoneNSE:BAJAJFINSV given very Bullish Inverted Head & Shoulder BreakOut....
All the Detaiils are mentioned in the Chart....
STOPLOSS HOULD BE FOLLOWED ON DAILY CLOSSING BASIS.
This is not a recomendation...... This is only for educational perpose
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[Intraday] bajaj finance short tradeon 15 minute timeframe bajaj finance is at very important support level of 7260. if it break 7260 price level down side then we can see gap filling trade here till price 7150. with the 50-60 rupee stoploss we can plan 2.5:1 trade as given below.
bajaj finance
15 minute, selling
sell after 7260
target 7150
stoploss 4-6
Bajaj finserv showing some positive momentum.Bajaj finserv has given a breakout on the daily time frame.
It is the perfect swing trade.
1. stock has given a trend line break out.
2. High volume confirmation.
3. Bullish moving averages cross over.
The stock has been respecting the level since Oct 2021.
The stock can give nice target upto 18400.
Bajaj twin can be traded for the intraday and swing trade.
Wait for the price action for the intraday entry levels.
Tremendous volumesChart -> Bajaj Finance Daily
The stock has given a downward slopping channel breakout with tremendous volumes.
CMP: 7075
Target: 8000
SL: 6520
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Bajaj Finance : 6,125 is the Key level for BullsBajaj Finance (Daily)
1. XABCD - B is taken out means the Bearish harmonic Pattern is triggered.
2. Now it must defend 6,125 to chart ahead towards 6,400+ territory.
3. 6,125 (+/- 25) zone is a confluence of Fib + 7th March 2022 Low (Line Chart basis).
4. 25EMA and 21EMA are parallel (not yet merged) which will provide a base for the move upwards.
5. Thus we have a solid base for the counter to go up.