Bajaj Finance OverviewBajaj Finance is in a very crucial stage. Most likely tomorrow it shall open gap down, and there are two cases for this.
1st Case - The Both red lines marked will act very crucial for BAJFIN. Any close above or below may set a new trend
2nd Case - Common Gaps are filled quickly so dont keep any short positions for a long time, rather buy at low levels for a long term perspective. If it falls at that level then most likely to move sideways, but must break with volume
if it does fall Sell at 2070 with SL 2090 with targets of 2055, 2045 and 2035. Follow levels.
Below 1906, it can slide of easily but we can expect a NON Rejection of price there.
BAJAJFINSV
BAJAJ FINANCE KEY LEVELS SUPPORT AND RESISTANCE Key Levels for BAJFINANCE :
UPPER BREAKOUT~2347
FIRST TARGET~2402
INTERIM RESISTANCE~2447
FINAL RESISTANCE~2499
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LOWER BREAKOUT~2273
FIRST TARGET~2231
INTERIM SUPPORT~2186
FINAL SUPPORT~2138
Please trade with caution and consult your financial adviser before trading.
BAJAJ FINANCE LONG BAJAJ FINANCE MAINING TTRIANGLE IN 60 MIN ) YOU CAN LONG FROM HERE
LONG ABOVE 2266
STOP 2160
TARGET 2300-2401-2500-2600
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RAVINDRA
BAJAJ FIN is downward trend expected by channel.By looking at the daily chart shows a lot more clear vision of the next moment for investors' activities. The price is trading between value high to control price 1. I am thinking here profit booking and price can stay in condition if fall is not started but hard to move upside from here.
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
We are thinking first target 9500 nearby is easy and then 9300-9200 possible. Taking a short position is not wrong now.
Buying in 9500 strikes put option in step is not bad,
buy @ 95 and another buy @70 for
targets 132-189
cup and handle on weekly chart - BAJAJFINSVa clean cup and handle pattern on weekly chart for bajajfinsv
Its going to re-test the neck line on chart soon .
after touching the neck line while re-testing its difficult to tell if its going to bounce or drop from there as doesnt have a very clear volume during breakout
suggestions - welcome - how do you read this chart ?
Thanks