Nifty ended the day near 16k despite pressure from Reliance. Private banks did very well, but PSU banks were positive as well. Have the bulls regained control? What are your views?
As 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...
Bajaj Finserv has taken support at critical levels and is ready to continue its upward journey.
It's not a recommendation to buy or sell. This chart is for educational purposes only. Please get in touch with your financial advisor before making buy or sell decisions.
NSE: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...
NSE:BAJAJ_AUTO
#NSE:BAJAJ_AUTO resistance BO for postional
levels marked on chart for only practice.
Other stocks give for our friends results posted check.
Happy LEarning !!
Bajaj 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...
After 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...
📈 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...
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...
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...
BAJAJ FINSERV -
Time Frame : W
Pattern : Flag Pattern
Bullish Formation
200 D moving average at support range in Daily Time Frame.
I am a beginner . Analysis is personal which may be right or wrong , Kindly watch the experts.
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.
The 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.
Short Opportunity -
Bajaj finserv is in the bearish trend and has taken support at 0.618 level of fib retracement it means that if this stock candle closes below this level it will continue the bearish trend and is expected to go down. The CPR is narrow and at the downside & CCI has crossed 0 level and head to the downside which also indicates the downtrend.
