Bajajfinancebuy
BAJAJ FINANCE : case of ending diagonalAfter the panic fall bajaj finance made an ending diagonal as a wave c whose breakout given a massive upside rally. Current structure suggests that the stock is completing its 5th wave of 1-2-3-4-5 upmove as an ending diagonal. So one can short it on a rise near the level of 3810-20 with SL of 3150 for the target of previous 4th which is 3150.
BAJAJ FINANCE ACHIEVED MY ALL TARGETS FOR LAST 3 WEEKS WHAT NEXTHi Traders,
1. I have been providing regularly the update on bajaj finance whatever the targets , I gave all were met continuously. Last week post In point no.1 I wrote is quoting for your authentication how word to word stock reacted as shared " There you can see a pink circle showing a variation of dark cloud pattern of a candlestick. This is activated now as the last trading candle has closed below the pattern's second candle low. If the next day trading candle is closed below the white candle low then the price is expected to go in next week to the blue and red dotted line.". See the previous figure at the lower band of white zone three is one small candle Doji type candle which gave closing above the low of the previous white candle. That I explained in point no.1 of the previous post and quoted above. See how price takes my words to move the next day. The purpose is to authenticate my statements is to motivate you all to learn this unique language and Grow in your life. In my 14 years of the journey when I learned you all can learn if that sort of hard work anybody can put.
2. In point no 4 of the previous post I clearly mentioned is quoting for as proof of my statement " If price takes out on 4 hrs time frame the upper pink line then the price will move to a red color upper line." You can see priced reached red upper line. This is how I manifest my trades before any moves. Proving in every post in the form of my conditions. The trading view is full of my record of 185+ posts in a short span of three months.
Trade Plan For Next Week
1. I made a yellow zone If the next session price sustains this then get chances of going up will remain intact otherwise price can go to pink zone.
Here one condition is to be followed carefully is of the sustainability of price in a yellow zone does not mean that price is ready to cross the red upper zone. if sustains then the price will move to the upper red zone. But until it takes out in both time frames It will not achieve next target of the white upper line.
2. Those new to read my blogs for them I write taken out condition it is essential to get cleared all concept of this condition. otherwise, you will not able to take the correct decision for your trade." Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
3. In any case, If the pink zone is taken out in both time frames then the trend will reverse to the downside. Those holding long should clear their position when you find the price has breached the upper band of the pink zone in 30 min and do not come back in that time frame. That would be a safe approach. You can enter longs again if the pink color zone taken out condition get failed. The rest price will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
BAJAJ FINANCE ACHIEVED MY TARGET NOW WHAT NEXT ?Hi Traders,
1. In the last post on this stock, I mentioned in point no. 2 is quoting for your consideration " now the target is a white zone." . you can see exactly the white zone acted as resistance and target achieved. There you can see a pink circle showing a variation of dark cloud pattern of a candlestick. This is activated now as the last trading candle has closed below the pattern's second candle low. If the next day trading candle is closed below the white candle low then the price is expected to go in next week to the blue and red dotted line.
2. Here one more condition applies, which is of a yellow dotted line. This line can act as support for the consolidation of the price for some time. One should keep a stop loss of Friday's candle high and should take short positions. Make sure the position should only be taken when yellow dotted provide some support.
3. On the contrary, if the yellow dotted line is taken out on a 1 hr time frame then the price will travel to the blue and red zone. Those new to my blogs, they must understand taken out condition, only then enter into a trade if that is satisfied. For your understanding quoting my condition " Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. "
4. On otherwise If price takes out on 4 hrs time frame the upper pink line then the price will move to a red color upper line. This is how the trade should be going in next week. I always try to make my trades easy-going without stress. The conditions help me to understand moves in the right direction informing me where to enter and exit. So follow conditions strictly. If satisfied then move in that direction if not get out of a trade or do not enter.
5. I have seen many followers who just jump into a trade because conditions satisfied. But that is not the right way to play the market. You need to show patience and find buying or selling set up on a lower time frame then take entry. In this way chances of failing trade get reduced drastically. See my 160+ posts almost in every second post I make you remember to be patient and disciplined. for your understanding chart better, I show you chart below when I suggested going long in this stock. A pink color circle was the time when I recommended and see achieved my white zone target. The rest market will decide.
YOGESH VATS
DISCLAIMER:- All positions should only be taken on the advice of your financial planner. This information is for educational purposes only.
REPORT OF VARIOUS SCRIPS ANALYSED LAST WEEK PART-3HDFC BANK
1. In last update regarding this stock I mentioned is quoting for your consideration " two days trading after my post the effect of an evening star is neutralize by the bullish harami which i circled in white. and today candle activated it for long side. now long can be initiated with the sl of red dotted line down side." . You can see what a fantastic rally to blue line . See how sentiments are calculated with the formation of candle to candle analysis. That what you have to learn when analysis is done. In every post I corroborate my statements first then I provide next move. Is any post more than 155+ without proving my statements. This is called consistency and strike rate. You all can reach that level by putting hard work with passion. Many people are not able to digest this perfection in my post so they become egoist and start writing without proof illogical. I understand this effect I reply them with my work. As soon as trend progress my analysis move with sentiments.
2. A dotted red color zone if not taken out in 2 hr time frame then this will become buy zone. on the contrary if taken out then trend will change to down.
3. If next session trading takes out last candle high in 2 hrs time frame then price can move to white dotted line. That is right place to book positional long.
BAJAJ FINANCE
1. On june 14th the title of this scrip was " bajaj finance has come out from sell mode to buying see how? " . You can see when sentiments changed you were imformed on bottom fishing time. I mentioned is quoting for your consideration " see upper dotted and solid red zone. on taken out at lower time of 1 hr you can go long with with the sl of lower end of this zone." . You can see price rallied. see the level of confidence written with small condition. See price rises and volume rising . That how manifestation are done with conviction. You will find many analyst providing some calls correct but not all . Even single call is missed in !55 + post are on record.
2. Now the target is white color zone. price can consolidate one to two days depending if nifty go in correction .
Rest market will decide.
YOGESH VATS
BAJAJ FINANCE HAS COME OUT FROM SELL MODE TO BUYING SEE HOW ?Hi Traders/Investors,
Two weeks back I posted my first post on this scrip. That time it was in sell mode and in last week came out from this mode to buy. Will it continue further lets find out. What I shared with you all in form of my conditions is quoting for your consideration in point no.3 of that post. " my sentiments for long will switch only when price takes out red dotted line where I showed green small arrow." See carefully took out from red dotted line in last to last week. In fact had I updated this post in last week I would have not waited for red dotted line condition to go long in new update. Since red channel was broken upside I would have given buy signal in last week. One thing is noticeable green arrow sentiments changing line is acting as good support That is why gave big bullish candle on Friday trading session. Two week back I manifested that point which can change the structure of this stock. Every chart is manifested so accurately that all reactions are done on that points why any scrip do not choose to react on so many other points on chart. This is a question of thinking.
Now I discuss the next move see upper dotted and solid red zone. on taken out at lower time frame of 1 hr you can go long with the sl of lower end of this zone to the target of white lower end zone. If momentum is good then can go to upper end. This is the trade of next week.Rest market will decide.
YOGESH VATS
Note - All trading or investing positions can be taken on advice from your consultant . I can be wrong any time.
If Bajaj Finance break 1948 with Volume then go longIf Bajaj Finance break 1948 with Volume then go long With Target of 2070 and Sl- 1906
Disclaimer :- I am not a financial advisor , if you take any decision for buy or sell then do a self research as well.
#bajajfinance #long #stockmarket #stockmarketideas
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)