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Bajajfinserve

Bajajfinsv approaching towards its Monthly SupportBajajfinsv is moving towards its strong support zone at 4022.75 on a monthly chart. One shouldn't take any decision till the time stock trades between 5531.30 & 4022 as we might see stock trading into this zone in a zigzag manner for a long time. All the price mentioned is on a closing price basis on a Monthly chart. Swing traders can take a long side once it hits the support line & then RSI 15 crosses over 40 again on a monthly chart. NSE:BAJAJFINSV
NSE:BAJAJFINSVShort
by Traderanit
Bajaj Finance | Confluence of ResistanceBajaj Finance has hit a confluence of resistance. Should be a good place to initiate shorts will stop above 50 SMA. (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)
NSE:BAJFINANCE
by AkhilSuryaFS
Bajaj Finance | Levels to watch: 3360-3600Falling nearly 10% yesterday, the stock is exhibiting some fight back by gaining 5% (at the time of posting). The bounce was helped by demand zone between 3360 & 3375 where we could also observe 50 SMA level. That justifies the bounce technically. Currently the gain has run in to level where it appears to shown some loss of momentum partly because of the resistance area around 3560. The up move also appears to retest the trendline broken yesterday. This leads us to believe that 3560 - 3600 can act as a respectable resistance. By considering the above discussed points, initiating new positions might be tricky. Hence it would be prudent to make only short term entries (reducing our time inside market) until we get a clear direction on either side. One cannot rule out the possibility of price hovering between the range 3360 & 3600 for a while. (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.)
NSE:BAJFINANCE
by AkhilSuryaFS
Rising Wedge Breakout - Continuation Pattern - Risk Reward 1: 3Short Bajajfinsv Below 5550 Stop-loss: 5745 Target 1: 5160 Target 2: 4955 Risk 3.50% & Reward 10.75 % RR Ratio - 1: 3 RR is Calculated on 2nd Target. Reversal or Continuation Pattern Rising Wedge Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a reversal to the downside. This means that you can look for potential selling opportunities.
NSE:BAJAJFINSVShort
by Equity-Earningz