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.
Short Opportunity - Bajaj finserv is in the bearish trend and has taken support at 0.618 level of fib retracement it means that if this stock candle closes below this level it will continue the bearish trend and is expected to go down. The CPR is narrow and at the downside & CCI has crossed 0 level and head to the downside which also indicates the downtrend.
Bajaj Fiserv Ltd is currently engaged in life insurance, general insurance and consumer finance businesses and plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation. CMP: 15528.95 In Bajaj Fin. Cup and handle structure/ Pattern on...
BAJAJ FINSERV is forming in the descending channel. After making the all-time high of 19325 , it has corrected 3000 points. The descending channel has the highest value of 19325 and the lowest value of 16273 . It has touched nine times on the control of descending channel. Even if the control line has provided reversal, the breakout of the control line...
Bajaj Finserv LTD has formed bearish engulfing candle stick pattern on daily timeframe. RSI below 50 and ready to break down the trend line. Best shorting opportunity below 17249 for 1st target 17000, and second target 16850. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
NIFTY 50 EOD ANALYSIS 13-12-21 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 17619.10 H 17639.50 L 17355.95 C 17368.25 EOD -143.50 points / -0.82% SGX Nifty 13-12-21...
NIFTY 50 EOD ANALYSIS 27-10-21 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. The Insights & Observations section carries links to my tweets that were posted during the day...
NIFTY 50 EOD ANALYSIS -21-09-21 IN SUMMARY O / H / L / C 17450.5 / 17578.35 / 17326.1 / 17562 H-L = 252 points VIX 16.52 / -5.55% FII DII: Not available till 1950h Is more likely to be moderately positive. SGX NIFTY at 1940h - 17536 -25points Likely open: Flat to mild positive. CHART BASED CONCLUSIONS - 15 Minutes Chart A gap-up opening failed to...
all timeframes bullish in momentum and trend. A 4 bar bullish momentum reverse divergence on daily could take it further up to at least 16799 again if it works out. enter only on confirmation of price moves above previous candle with tight stop loss and if this is negated reentry only after a retracement at mentioned FIB levels.
NIFTY 50 EOD ANALYSIS -24-08-21 IN SUMMARY O / H / L / C 16561.4 / 16647.1 / 16495.3 / 16624.6 H-L = 152 VIX 13.19 / -3.65% FII DII: +730 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS Yet another gap-up opening was sold into. Yet, Nifty made a higher and a higher low. Nifty ended at ATH close and is now 70+...
BAJAJFINSV Trading At PRZ. Book Your Longs. Will try to short it also. just waiting for some confirmation in smaller timeframe.
Multiyear channel resistance breakout is seen in this chart, if you look at the chart, every time the price touches the end of channel it reverse to the other end of the channel and vice versa. This time a comfortable breakout is seen in daily and weekly chart, we must wait for the confirmation in month chart also.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS , MOTHERSUMI , DLF , BRITANNIA If you like my analysis do like & follow me as a token of appreciation. If you have any queries on...
BAJAJ FINSERV LOOKS A SELL NEAR 11480 WITH STOP LOSS ABOVE 11620 FOR TGT 1 : 10986 TGT 2 : 10613 TGT 3 :10312. Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain. This post is for educational purpose only. Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not...
Bajaj finserv is showing a good strength with support of RSI and huge volume addition in weekly time frame. OI builtup shows that PUT writers are aggressively making their new position and CALL writers are closing their position. RSI strength, volume addition, OI builtup showing Bullish indication on this stock. 8800 to 9100 this is a strong resistance level if...