BAJAJFINSV
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
Positional View of Nifty50 Stocks for 24-11-20ADANIPORTS - Current Position is Sell, sold on 2020-11-19 at 387.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if ADANIPORTS closes above 380.61
ASIANPAINT - Current Position is Buy, bought on 2020-11-23 at 2168.82. Action for Next Trading Day: Continue LONG and reverse to SHORT if ASIANPAINT closes below 2177.59
AXISBANK - Current Position is Sell, sold on 2020-11-19 at 619.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if AXISBANK closes above 604.50
BAJAJ-AUTO - Current Position is Buy, bought on 2020-11-20 at 3034.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJ-AUTO closes below 3064.18
BAJAJFINSV - Current Position is Buy, bought on 2020-11-02 at 5601.40. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJFINSV closes below 8474.17
BAJFINANCE - Current Position is Buy, bought on 2020-11-20 at 4589.90. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJFINANCE closes below 4710.88
BHARTIARTL - Current Position is Sell, sold on 2020-11-23 at 478.57. Action for Next Trading Day: Continue SHORT and reverse to LONG if BHARTIARTL closes above 481.47
BPCL - Current Position is Buy, bought on 2020-11-23 at 389.94. Action for Next Trading Day: Continue LONG and reverse to SHORT if BPCL closes below 387.49
BRITANNIA - Current Position is Buy, bought on 2020-11-19 at 3503.92. Action for Next Trading Day: Continue LONG and reverse to SHORT if BRITANNIA closes below 3548.40
CIPLA - Current Position is Buy, bought on 2020-11-23 at 741.65. Action for Next Trading Day: Continue LONG and reverse to SHORT if CIPLA closes below 744.55
COALINDIA - Current Position is Buy, bought on 2020-11-23 at 122.74. Action for Next Trading Day: Continue LONG and reverse to SHORT if COALINDIA closes below 121.23
DIVISLAB - Current Position is Buy, bought on 2020-11-20 at 3442.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if DIVISLAB closes below 3517.27
DRREDDY - Current Position is Buy, bought on 2020-11-23 at 4707.09. Action for Next Trading Day: Continue LONG and reverse to SHORT if DRREDDY closes below 4786.47
EICHERMOT - Current Position is Sell, sold on 2020-11-19 at 2566.10. Action for Next Trading Day: Continue SHORT and reverse to LONG if EICHERMOT closes above 2621.47
GAIL - Current Position is Buy, bought on 2020-11-20 at 93.90. Action for Next Trading Day: Continue LONG and reverse to SHORT if GAIL closes below 99.61
GRASIM - Current Position is Sell, sold on 2020-11-23 at 853.16. Action for Next Trading Day: Continue SHORT and reverse to LONG if GRASIM closes above 859.10
HCLTECH - Current Position is Buy, bought on 2020-11-20 at 813.95. Action for Next Trading Day: Continue LONG and reverse to SHORT if HCLTECH closes below 831.48
HDFC - Current Position is Sell, sold on 2020-11-19 at 2336.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if HDFC closes above 2273.47
HDFCBANK - Current Position is Buy, bought on 2020-11-20 at 1383.93. Action for Next Trading Day: Continue LONG and reverse to SHORT if HDFCBANK closes below 1382.33
HDFCLIFE - Current Position is Buy, bought on 2020-11-20 at 657.11. Action for Next Trading Day: Continue LONG and reverse to SHORT if HDFCLIFE closes below 649.40
HEROMOTOCO - Current Position is Buy, bought on 2020-11-23 at 3024.60. Action for Next Trading Day: Continue LONG and reverse to SHORT if HEROMOTOCO closes below 3038.20
HINDALCO - Current Position is Buy, bought on 2020-11-23 at 217.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if HINDALCO closes below 215.74
HINDUNILVR - Current Position is Buy, bought on 2020-11-23 at 2140.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if HINDUNILVR closes below 2121.32
ICICIBANK - Current Position is Sell, sold on 2020-11-19 at 490.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if ICICIBANK closes above 473.75
INDUSINDBK - Current Position is Buy, bought on 2020-11-23 at 836.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if INDUSINDBK closes below 826.28
INFY - Current Position is Buy, bought on 2020-11-20 at 1106.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if INFY closes below 1128.79
IOC - Current Position is Buy, bought on 2020-11-23 at 85.50. Action for Next Trading Day: Continue LONG and reverse to SHORT if IOC closes below 85.92
ITC - Current Position is Buy, bought on 2020-11-19 at 185.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if ITC closes below 189.49
JSWSTEEL - Current Position is Buy, bought on 2020-11-20 at 332.97. Action for Next Trading Day: Continue LONG and reverse to SHORT if JSWSTEEL closes below 334.13
KOTAKBANK - Current Position is Buy, bought on 2020-11-17 at 1788.44. Action for Next Trading Day: Continue LONG and reverse to SHORT if KOTAKBANK closes below 1879.03
LT - Current Position is Buy, bought on 2020-11-17 at 1077.15. Action for Next Trading Day: Continue LONG and reverse to SHORT if LT closes below 1109.36
M&M - Current Position is Buy, bought on 2020-11-17 at 639.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if M&M closes below 688.33
MARUTI - Current Position is Sell, sold on 2020-11-19 at 7019.66. Action for Next Trading Day: Continue SHORT and reverse to LONG if MARUTI closes above 7030.57
NESTLEIND - Current Position is Buy, bought on 2020-11-19 at 16858.21. Action for Next Trading Day: Continue LONG and reverse to SHORT if NESTLEIND closes below 17567.85
NTPC - Current Position is Buy, bought on 2020-11-19 at 89.27. Action for Next Trading Day: Continue LONG and reverse to SHORT if NTPC closes below 92.47
ONGC - Current Position is Buy, bought on 2020-11-23 at 72.06. Action for Next Trading Day: Continue LONG and reverse to SHORT if ONGC closes below 75.19
POWERGRID - Current Position is Buy, bought on 2020-11-19 at 185.54. Action for Next Trading Day: Continue LONG and reverse to SHORT if POWERGRID closes below 193.14
RELIANCE - Current Position is Buy, bought on 2020-11-23 at 1951.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if RELIANCE closes below 1933.71
SBILIFE - Current Position is Sell, sold on 2020-11-19 at 852.92. Action for Next Trading Day: Continue SHORT and reverse to LONG if SBILIFE closes above 838.40
SBIN - Current Position is Sell, sold on 2020-11-19 at 247.80. Action for Next Trading Day: Continue SHORT and reverse to LONG if SBIN closes above 243.68
SHREECEM - Current Position is Buy, bought on 2020-11-20 at 23827.30. Action for Next Trading Day: Continue LONG and reverse to SHORT if SHREECEM closes below 24088.44
SUNPHARMA - Current Position is Buy, bought on 2020-11-23 at 505.05. Action for Next Trading Day: Continue LONG and reverse to SHORT if SUNPHARMA closes below 510.06
TATAMOTORS - Current Position is Sell, sold on 2020-11-19 at 168.34. Action for Next Trading Day: Continue SHORT and reverse to LONG if TATAMOTORS closes above 175.06
TATASTEEL - Current Position is Buy, bought on 2020-11-03 at 407.50. Action for Next Trading Day: Continue LONG and reverse to SHORT if TATASTEEL closes below 533.22
TCS - Current Position is Buy, bought on 2020-11-19 at 2637.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if TCS closes below 2707.88
TECHM - Current Position is Buy, bought on 2020-11-20 at 829.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if TECHM closes below 855.33
TITAN - Current Position is Sell, sold on 2020-11-23 at 1344.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if TITAN closes above 1359.78
ULTRACEMCO - Current Position is Buy, bought on 2020-11-20 at 4812.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if ULTRACEMCO closes below 4842.51
UPL - Current Position is Buy, bought on 2020-11-20 at 418.79. Action for Next Trading Day: Continue LONG and reverse to SHORT if UPL closes below 423.57
WIPRO - Current Position is Buy, bought on 2020-11-20 at 344.41. Action for Next Trading Day: Continue LONG and reverse to SHORT if WIPRO closes below 353.71
BAJAJFINSEV SELL RANGE 7000-7100BAJAJFINSEV SELL RANGE 7000-7100
SL 7300.
TARGET: 6952, 6920, 6890, 6860, 6820, 6788, 6760, 6732
BUY 6700 Put with 75% SL when spot price is between 7065-7100
Target close position when spot price reach to 6750
Posting for Educational purpose only
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BAJAJFINSV LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART;
SELL NEAR THE RED ZONE IF REVERSAL CANDLES ARE FORMED ON THE ZONE/ NEAR BY THE ZONE
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
2) TE-ANT
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
Bajaj Finserv (Make or Break point) but Long BiasPrice is currently resting at a Strong Support Zone, which is a confluence of:
1) Anchored VWAP Support from the May Bottom
2) Trendline Support from the May Bottom (3 valid touch points of Trend Line already done)
3) Price at Lower Range of the Box
We also witnessed a False Breakdown few days back, hence if it had to fall it would have already. So better to play on the Long Side, playing for Short Side might result in a choppy whipsaw once again
Safe Traders can buy above 6200, Risky Traders can buy at CMP with Stops below 5800