Weekly Triangle Break-Out Good Investment for Long TermHi All…
Greetings!
Today I’m sharing with you Bajaj Finserv Ltd. Weekly Chart. From past 2 weeks stock has showed very bullish sign, after a small correction we can see good price action. The stock has been stuck in a triangle formation from a very long time. I think it would a good time to invest in the stock.
In the coming time I think it should give good returns.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
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Disclaimer – These ideas shared by me to all are my personal analysis / views. I'm not a SEBI registered technical analyst.
Bajajfinservbuy
Intraday trade in Bajaj Finserv 05/03/24.
Bajaj finserv has tested the upper resistance levels and there are chance of it giving a break out.
An intraday bullish trade can be captured in the stock.
If there is a gap up opening and price is around 1625-30, with a strict stop loss around 1615-20 an entry can be made.
Target levels :- 1647, 1660.
If the Cup and handle formation pattern follows up, Stop loss can be trailed with atleast 1675 as final targets.
Wait for the price to sustain above the resistance zone. Watch the movement in the indices to correlate.
Price action must be watched around the levels and trade accordingly.
BAJAJFINSV Analysis(Double Bottom)!NSE:BAJAJFINSV ANALYSIS!
BAJAJFINSV Daily Analysis!
Double Bottom Pattern Formation and Breakout in BAJAJFINSV!
RSI Divergence in BAJAJFINSV!
Double Bottom Pattern analysis with RSI Divergence
BAJAJFINSV has made Double Bottom Pattern on a daily timeframe it has given a breakout to the neck level and retested it's support level at the neckline only. If we see the RSI we can see the clear Divergence, while price making falling bottoms RSI making Rising Bottoms. We can expect price to move in the upward direction.
Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 1393.90
Targets = 1) 1486.40 3) 1570.35 3) 1665.25
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Bajaj Finserv in a box consolidation.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
Enter the trade only after a break out or break down of the consolidation box.
Intraday and swing trades can be initiated in the stock.
Wait for the price action near the levels before entering the trade.
A bearish move in Bajaj Finserv (analysis for 20/10/22)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 rising wedge is a downtrend pattern.
Target :- 1670, 1628
Stop loss :- 20 DMA (daily close above it)
Enter the trade once the stock break downs the pattern. Swing and intraday trades can be initiated, if the daily candle close below the level.
Watch for the quarterly earning of the stock.
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.
Bajaj finserve view for next week 11/04/22.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 intraday or swing trades.