BAJAJFINSV
Bajaj finserv showing some positive momentum.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 trade.
Wait for the price action for the intraday entry levels.
BAJAJFINSERV - Trade PlanAs market remains on High volatility side and uncertain, make plans in few stocks but make sure to plan it for all conditions
One such example today is Bajaj Finserv
Plan A - (Strong Market) Break and Sustain above 12050 will take the stock up to 13k
Plan B - (Sideways Market) Unable to sustain resistance of 12k will bring the stock back to 11300
Plan C - (Weak Market) Opening with gap down and breaking 11300 will take the stock back to 10k levels
RELIABLE PRICE ACTION SETUP - BAJAJ FINSERV LTDNSE:BAJAJFINSV
I don't have any name for this setup but it is very reliable in identifying short term trading opportunities with a high success rate.
The rationale behind this setup is that it identifies potential trend reversal trading opportunities.
The following rules should satisfy to validate the setup.
1. There should be the existence of a prior downtrend because if we are expecting a reversal then there should be something to reverse.
2. At the resistance line breakout zone the price should form a horizontal resistance with small price swings.
3. Volume should spike up on the breakout.
4. The depth of the pattern Can be used to project the target.
*price starts to react if that's a reversal or not
it forms any pattern on low volume.
price refuses to form new lower lows.
Sometimes RSI shows divergence as a confirmation tool.
Please always trade with stop loss to avoid a big drawdown.
Hope you found this helpful and I sincerely hope you find a ton of good formations to trade-in!
Happy Trading!
Bajaj Finserv: Elliott Wave Analysis & TipsBajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z .
Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders.
Bajaj Finserv has formed in the descending channel for more than 27 weeks . It has broken the control line's channel also. That indicates bulls are not ready to expect a falling knife.
Measurement of wave ((4)):
Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000 .
Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action.
Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms.
After the completion of wave (z) of wave (4), the price will march for motive wave (5).If the price sustains above wave (X) at 17480 , Bajaj Finserv will move on for an all-time high.
Note: ending point of the corrective structure is the starting point of an impulsive phase.
I will update further information soon.
Bajaj Finserv: Short Setup For Intraday TradersAfter making a high of 17480, Bajaj Finserv has started falling.
Today, It has made a low of 14660 .
In 15 min timeframe, we can see a bearish butterfly pattern, which indicates a bearish trading setup for intraday traders.
Bajaj Finserv has completed its D point at 15250 . If the price sustains below 15250 , traders can expect the following targets: 15080 - 14902 - 14751.
Invalidation: Breakout D point
Thank You
Money_Dictators
Bajaj Finserv Chart Analysis !!📈 Bajaj Finserv Ltd. 📉
This Stock Broke out from a resistance zone of 16500-16750 which was tested several times and today managed to close above it.
Bias - Long
Target - 18378, 19078
SL - 16100
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Bajaj finserve view for next week 11/04/22.Bajaj finserve is near a crucial support as it is retesting the previous resistance.
On a daily time frame, the stock is taking support at 20ema.
A break out and retest a nice trading setup.
Support :- 16550, 15825, 15200.
Resistance :- 17200,17750.
On weekly time frame, it is forming lower lows and lower highs.
Wait for the price action near the levels for intraday or swing trades.
BAJAJ FINSERVE - Breakout trade The analysis is done on daily TF hence price may take few days to few weeks 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 markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Bajaj finserv gives a break out.The stock has given a break out on the long side with volume confirmation.
The stock has respected the trend line for 29 trading days.
Major support levels :- 16344, 16000(round figure)
Resistance levels :- 16550, 17200
Wait for the stock to retest the trendline and form a chart pattern near the levels for support and resistance before trading.
Watch Bajaj finsv for a breakoutThe stock has been respecting a trendline.
The trendline has been retested 3-4 times. Watch the stock to break above the trendline and 16325 levels
The trade can be activated next week.
Support :- 15100-15238
look for a nice candlestick pattern near the levels and trade accordingly.