BAJAJFINSV
Positional_ BajajfinsvNamaste!
1. Bajajfinsv looks good for a positional/swing trade.
2. Entry price and Stop Loss is marked on the chart.
3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled.
4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle.
And be ready for a gap down in Nifty on next trading session (as SPX closed in red more than 2% last day).
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
BAJFINANCE can fall or consolidate hereNot holding this stock. Posting this idea to try and predict stock movement
Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
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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
BAJAJFINSV | Fall expectedI'm not holding BAJAJFINSV, if anybody's holding they may exit their position
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
M O N E Y M U L T I P L I E R BAJAJFINSERVE fut is on the verge of breaking out of triangle pattern above 1630 on an hourly chart with good OI build up.
If it opens or breaks past 1630 then dont miss this opportunity to multiply your profits & dont get out in small profits, wait till target & make money.
Could be bought at cmp or lower till the lower trendline or breaking past 1630 with mentioned stoploss & target #1shot1kill
BAJAJFINSV - Ichimoku BreakoutStock Name - Bajaj Finserv Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1660
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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bajaj finserv educational post #bajaj finserv
chart explained
1) The counter was trading in an uptrend
2)It witnessed a strong gap up opening on 4 july 2023
3) The Gap up was above the previous strong resistance zone as indicated by arrows
4)The retracement after strong move already done
5)5_ today it witnessed a strong upmove along with long build up with 3% rise in OI
6) current month option chain suggest shortcovering in Call side while short build on Put side which is bullish
7)its trading with an upward sloping trendline
8) its strongly following the regression channel trend with 97% precision
9)the counter is 14% away from all time hugh which is most likley to be tested in sessions to come
Bajaj Finserv DoubleBottom RSIDivergenceBajaj Finserv has formed a Double Bottom pattern, while RSI is making higher lows which is clear sign of RSI Bullish Divergence.
Entry:
We can go long on open of next candle.
Stoploss: (Never trade without a stoploss)
We can keep stoploss below the double bottom support zone.
Target:
We can keep the Target 1 & Target 2 near the next resistance zones as marked on chart.
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Bullish HaramiA bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend.
It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.
Script = Bajaj Finserv
Time Frame = 1 Day