BAJAJFINSV
analysis of BAJAFNSV. must short and will be great momentum 90%.please contact your financial manager or check the analysis before taking position. The graph is in a downtrend and stochastic RSI is also indicating to short...over the past few months from November to December Bajajfinsv had grew too much and on 5 January the graph can not get to the highest point which was on about 30 January 2020 and started his journey towards downside and may give a higher momentum. Now the graph must go downwards according to my analysis..plzz tell whether the analysis is correct or wrong..
Long Bajaj Finserve (Swing / Positional)Positional / Swing
Go Long Once Price Breakout And Close above the Daily (Blue) Trendline,
Breakout candle backed by large Volume.
Buy Near/@ 9122-9125, once the price sustain here and
SL :- 8955,
Targets T1:- 9145 - 50,
T2:- 9200,
T3:- 9250,
MAX:- 9300-9360.
Note:-
1. Please book your Targets near the points not at exact levels.
2. Stop loss should & must be there. Once the price level cross the T1 you may trail your SL on entry price i.e. 9122 to secure your trade.
3. Avoid making Large positions on LEAVERAGES. It is a dual bladed sword; May enhance your profit but can dig you to the great losses too.
Be alert & Happy Trading.
Educational Purpose Only
BAJAJFINSV LOOK OUT FOR THESE LEVELS!!! - UPDATEALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
BAJAJFINSV Buy signal at 5862 , Forming rectangle pattern I will go LONG on BAJAJFINSV because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 5862
Target - 6685
Stop loss - 5492