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...
Triple Bottom Support
Break of Trend Line
Area of Support 1690-1700
Buy at break of trend line
Wait break n Pull Back for Buy
Tgt 1 near 1750
Tgt 2 near 1820
The analysis is done on weekly TF hence price may take few weeks to few months 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...
BAJAJFINSV is now 1800 levels, 1846 is a major resistance and post 1846 we can see good breakout which can lead BajajFinsv to 1900/1940 level. Check that in coming week.
#BajajFinseve CMP 1680 forming a Inverse HnS which is bullish pattern and showing potential for 1840/2000/2200
add on dips and can be added more if crosses 1850 and gives weekly closing above that.
Bajaj 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.
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...
Huge volume was witnessed during the day.
I suspect it was a trap by the FII's and the poor retail traders fell for it.
A rising wedge is usually a very good setup for WILD moves, hence I suspect that this support would be broken easily tomorrow (14 Sept 2022) owing to the #BankNifty Weakness.
NSE:BAJAJFINSV
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
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...
