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Bajajfinance

BAJAJ FINANCEThis stock has formed very good flag pattern on daily time frame and yesterday's candle has given breakout, but volume is not satisfying intensity, but above next small hurdle, stock can show good momentum. scenario macd in weekly turned and uptick macd in daily positive and uptick rsi in daily above 60 and uptick Disclaimer i am not a sebi registered analyst my studies are for educational purpose only please consult your financial advisor before trading or investing
NSE:BAJFINANCELong
by RK_Chaarts
1
Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]NSE:BAJFINANCE Observations: 1) On 1 day time frame, it is just below the 21DMA which is placed at 6988.11 level 200DMA is placed at 6465.15 level which is major support. If it trades above 21DMA then there will be chances of up move. But if it faces resistance then it will be down fall again. So we can see that 6990-7000 will be major range. It will work as resistance if it trades below is and it will work as support if it trades above it. Please refer below chart : 1 day Time Frame. 2) Also On 15 min time frame, we can see it finally trades and close above the range of 6875-6962 level range. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date: 03-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BAJFINANCE
by Trading_hawk
4
Quality Strategy for BAJAJ FINSERV LTDWHAT TO WATCH OUT FOR Technical Overview Recently it made Head & Shoulder Pattern during mid Sep to Nov end, during which it touched a high of ₹ 19325 and made a neckline of ₹ 17050. It confirm the downside breakout on 23 Nov 2021 and confirms the start of downfall of stock. Trendline merging its top with shoulder has not yet been broken. Quality Strategy for BAJAJ FINSERV LTD TODAY, it made clear bearing engulging candle which confirm down trend further. Sell December future near 16000 TGT 15600-15500 Major Support @ 15400 ======= We are still trading in the range between 15600 and 16400. Any lower or upper breakdown will decide its direction again. ======= Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis. Follow the rules, be patient and stock market will definitely reward you... ======= Take care, trade safe !!! Regards Team Moneymarine
NSE:BAJAJFINSVShort
by moneymarine
Bulls unable to hold on, yet indices end in greenNIFTY 50 EOD ANALYSIS 21-12-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 16773.15 H 16936.40 L 16688.25 C 16770.85 EOD +248.15 points / -0.94% SGX Nifty 21-12-21 @ 1930 = +25 FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a significant gap up and was able to sustain the same and kept moving up as the day progressed. However, it then became obvious around 16940 levels where there is an earlier intraday resistance that the bears may not let the rally continue. And at 1300h, that is what happened and the sell-off continued and almost threatened to wipe out all the gains. Finally, in the last hour Nifty managed to recover well and ended in the green. Nifty has made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 60 Top 5 Draggers contributed = 16 Net = +44 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 246 Top 3 Draggers contributed = 95 Net = +151 POSITIVES Both the indices ended the day in green. HDFC Bank and ICICI Bank were the leaders in lifting the indices and remained positive throughout. Reliance also joined these two in helping Nifty not give up all the gains that had been made in the first half of the day. NEGATIVES The manner in which the indices fell in the PM session indicates that there are large sell orders around 16900-950 and it is unlikely that the bears would give up the territory that easily. HDFC, SBIN, and Kotak Bank remain the problem scrips for the bulls as these are the scrips where every rise seems to be getting sold in to. TRADING RANGE FOR 22 DEC 21 Nifty support = 16300-400 Nifty resistance = 16800-900-950-17000 INSIGHTS / OBSERVATIONS For the 2nd in a row, Nifty OHLC was below 17000. This is an unusual sight in recent times. This also shows that the bears have not yet given up and any rally is likely to get sold into unless there is ferocity in the up move which was not seen on the horizon today. Whenever FIIs are the net sellers on the previous day and Nifty is trading with a significant gap up and the same is held on to, it would be safe to expect a sell-off in the PM session followed by a recovery which may not be full. Catching the last set of bears off guard and just when they have covered their shorts and switched to longs, comes the sharp sell-off which shakes the new longs out and before they can decide to re-enter, the fall is recovered in no time. So it is necessary for traders to be better Mentalists than good traders as only such people would be able to go with the flow. Yesterday’s massive fall was attributed to global Omicron fears even as India is for now better placed than the rest of the world. I am wondering what media would attribute the positivity in global indices to? Is Omicron gone? If we remove such noise, market moves and numbers would make better sense. And here is my latest tweet about an observation made: What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 21-12-21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Bajaj Finance (Hourly) - Inverted Head & Shoulders Chart PatternBajaj Finance (Hourly) - Inverted Head & Shoulders Current market price - 7360 Target - 7813.20 (depth of the head) Price has done breakout of the inverted head & shoulders chart pattern neckline Bollinger band is challenged on the upper end RSI is above 60 ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI) All indicators / oscillators on the daily tide look good too In fact, on the daily timeframe, the price has entered the 5th wave
NSE:BAJFINANCE
by Dhiraj_Ahuja
Simple Trade Setup | BAJFINANCE | 2nd Week Nov 2021 [ intraday ]NSE:BAJFINANCE These levels are for this week of Nov 2021. Observations: 1) On daily time frame, we can see that it took good support from 10DMA but closed below 21DMA. 10DMA is placed at 7545.32 level and 21DMA is placed at 7676.76 level. 21DMA is immediate resistance while 10DMA is immediate major support now. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date 09-11-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BAJFINANCE
by Trading_hawk