Bajaj Finserv cmp 189.25 by Weekly Chart viewKeep the stock on radar for probable New ATH creation basis a good Technical Chart Setup
Bajaj Finserv cmp 189.25 by Weekly Chart view
- Old time Support Zone 1520 to 1560 Price Band
- Stock Price is attempting to keep above the Falling Resistance Trendline
- Stock Price seems to be traversing along both the Rising Support Trendlines
- Technical Indicators seem trending positively for the likes of EMA, MACD and RSI
- Volumes seen going in sync with avg traded quantity and attempting to stay above it
- Weekly Support seen at 1726 > 1520 > 1375 with the Resistance seen only at the ATH 2029.90
Bajajfinserveanalysis
Bajaj FinServ cmp 1791.00 by Weekly Chart viewKeep stock on radar for a very captivating Technical Chart setup for New Lifetime High Milestone creation
Bajaj FinServ cmp 1791.00 by Weekly Chart view
- Triangle Breakout Completed
- Volumes seem stable and inching to cross avg traded quantity
- Weekly Support at 1680 > 1450 > 1220 Resistance seen at 1900 > ATH 2029.90
- *Repeat Bullish Head & Shoulders, Rounding Bottoms appear inside the slightly sliding Ascending Triangle pattern*
Short term trading opportunity in Bajaj Finserv for > 15% upsideHi,
NSE:BAJAJFINSV has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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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.
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.
NSE Bajaj Finserv - Can buyers face falling knives? Timeframe: 8h
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 based on Fibonacci extensions. Price has completed 100% Fibonacci extension in wave A so that wave C could extend by 161.8% .
Currently, the price has broken down to 50 EMA , and a negative closing will result in further price declines. Parallel channel throw-over is one of Elliott wave principle’s best target measurement tools. Targets will be extended in case of an extension of the trend.
I will update further information soon.