Trendline BreakoutA broken trendline is a technical signal that can suggest a change in trend is at hand.
If low volume (rather than high volume) accompanies the break of a trendline, the signal is not as strong or convincing.
It can make sense to wait a day or two to make sure that the trendline break is legitimate.
Once a position is opened, risk management—in the form of stop-loss orders or trailing stops—can help protect profits after a trendline break.
Script = Bajaj Finserv
Time Frame - 1 Day
Bajajfinserve
Trendline supportChart -> Bajaj Finserv Weekly
Taking support from the same support trendline 4th time with a bullish hammer pattern.
CMP: 1400
Targets: 1630 and 1830
SL: 1250 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
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.
Bajaj Finserve - Forming Cup & Handle pattern on Daily chartBajaj Finserve - Forming Cup & Handle pattern on Daily chart .
Good RR - 10:38
Will strictly follow my levels and take trade.
Keep a strict SL of 50 points.
Also this recommendation/presentation and all future ones are & will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
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 Very bullish BreakOut & Retesting DoneNSE:BAJAJFINSV given very Bullish Inverted Head & Shoulder BreakOut....
All the Detaiils are mentioned in the Chart....
STOPLOSS HOULD BE FOLLOWED ON DAILY CLOSSING BASIS.
This is not a recomendation...... This is only for educational perpose
Just to appriciate my effort please boost the post.
Thanks
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 Finserv: Elliott Wave Analysis & TipsBajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z .
Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders.
Bajaj Finserv has formed in the descending channel for more than 27 weeks . It has broken the control line's channel also. That indicates bulls are not ready to expect a falling knife.
Measurement of wave ((4)):
Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000 .
Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action.
Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms.
After the completion of wave (z) of wave (4), the price will march for motive wave (5).If the price sustains above wave (X) at 17480 , Bajaj Finserv will move on for an all-time high.
Note: ending point of the corrective structure is the starting point of an impulsive phase.
I will update further information soon.
Bajaj Finserv: Short Setup For Intraday TradersAfter making a high of 17480, Bajaj Finserv has started falling.
Today, It has made a low of 14660 .
In 15 min timeframe, we can see a bearish butterfly pattern, which indicates a bearish trading setup for intraday traders.
Bajaj Finserv has completed its D point at 15250 . If the price sustains below 15250 , traders can expect the following targets: 15080 - 14902 - 14751.
Invalidation: Breakout D point
Thank You
Money_Dictators
Bajaj Finserv Chart Analysis !!📈 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
RR- 1:2
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 it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
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.
BAJAJ FINSERVE - Breakout trade The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Bajaj finserv gives a break out.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.
Watch Bajaj finsv for a breakoutThe stock has been respecting a trendline.
The trendline has been retested 3-4 times. Watch the stock to break above the trendline and 16325 levels
The trade can be activated next week.
Support :- 15100-15238
look for a nice candlestick pattern near the levels and trade accordingly.
Bajaj Finserv - Short OpportunityShort 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 Finserv - Short OpportunityShort Opportunity -
Bajaj finserv is planning for the third wave. There were two waves formed, according to this history there is the third wave is expected. The CCI is trading near the -100 level and CPR is narrow and at the downside, so the ball is in the bearish court. We can go for short trade if the MA is headed to the downside.