Bajaj Finserv form double bottom and if it hold the support zone of 1560 to 1550, we expect to see 1650 and then rally towards 1720 levels. Will get confirmation for W above 1665 only.
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Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
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Bajaj Finserv has formed a Double Bottom pattern, while RSI is making higher lows which is clear sign of RSI Bullish Divergence.
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.
We can keep the Target 1 & Target 2 near the next resistance zones as marked...
Hello guys here I am sharing the daily chart of Bajaj Finserv (THE GIANT) for why it falling down massively and giving one by one negative breakdowns on chart, So we can see after making a all time high touched to it's 20 day EMA taking support but gives a breakdown as closed below and started consolidation and taking support on 50 Day EMA but at the end gives...
Hi guys, In this chart i Drew My Best Levels in BAJAJFINSERV for Shorting in Positional, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Bajaj Finserv is at a crucial support level. This support is of weekly 100 EMA. Bajaj Finserv is the holding company for Bajaj Finance and 2 of their insurance companies as well. A bit of under-performance is due to in line growth which is a bit of surprising for Bajaj Finance because it usually hammers growth estimations of analysts.
The FASP for Bajaj Finance is listed for 22-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard...
Bajaj Finserv on the daily time frame has been consolidating in a box and is near a support level.
The stock has been trading between both the moving averages on the daily time frame and an inside candle.
Either side move can be captured in the stock as it can give a break out or break down.
Down side target :- 1571, 200 DMA
Up side target :- 1695, 1725
Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y.
Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are...
Bajaj Finserv has been trading in a range and forming rising wedge pattern on the daily time frame.
The stock has been taking support from 20 DMA and has closed just near the level.
A morning star pattern is there on the daily time frame.
Stock has closed between both the moving averages on the hourly time frame.
An entry can be made in the down side, as...
Bajaj Finserv is Nearing to Trend line Break in Daily Time frame.
After some consolidation if Any breakout above 15450, we can expect good move
Buy above 15450
1st Target 17200 and 18700 is 2nd Target.
Bajaj Finserv has taken support at critical levels and is ready to continue its upward journey.
It's not a recommendation to buy or sell. This chart is for educational purposes only. Please get in touch with your financial advisor before making buy or sell decisions.
📈 Bajaj Finserv Ltd. 📉
This Stock Broke out from a resistance zone of 16500-16750 which was tested several times and today managed to close above it.
Bias - Long
Target - 18378, 19078
SL - 16100
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on...
Bajaj finserve is near a crucial support as it is retesting the previous resistance.
On a daily time frame, the stock is taking support at 20ema.
A break out and retest a nice trading setup.
Support :- 16550, 15825, 15200.
Resistance :- 17200,17750.
On weekly time frame, it is forming lower lows and lower highs.
Wait for the price action near the levels for...
The stock has given a break out on the long side with volume confirmation.
The stock has respected the trend line for 29 trading days.
Major support levels :- 16344, 16000(round figure)
Resistance levels :- 16550, 17200
Wait for the stock to retest the trendline and form a chart pattern near the levels for support and resistance before trading.
1. inside the daily demand zone
2. 200 MA support
3. forming channel pattern
Analysis : long positions should be added only after the breakout of the channel pattern. Be careful before adding longs because stock is bullish for around 1.5 year and may begin its retracement phase.