bajajfinance 10k ?Hi
This stock is consolidation from a long time since 2021, forming a ascending triangle pattern which is a good sign. this stock have a good potential to go up as per fundamentals too.
We can accumulate this stock with a last swing stop loss which is around 6200
and we can same thing in bajaj finserv this stock is in uptrend during the time period of bajaj housing
you can share your views in comment.
Thanks
Bajajfinsvbuy
BAJAJFINSV: Key Levels to Watch for Potential Downside MovementIn this analysis of BAJAJFINSV, we observe a potential bearish setup
Trigger Level: If the price breaks today's low, it may indicate further downside movement.
Stop Loss: Today's high serves as a prudent SL to manage risk.
Target: Monitor the mentioned levels or adjust based on price action dynamics.
⚠️ Disclaimer:
This analysis is for educational purposes only and is not a trading or investment recommendation. Please do your own research and consult a financial advisor before making any decisions.
Trendline Breakout in years
⭕ Swing Trading opportunity ! Weekly Chart Alert !!!⭕
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Technical Reasons to trade or Strategy applied :-
Bajaj Finserv Ltd
Good Breakout of Trendline in years
100 EMA is also supporting
Strong Price Action
Breakouts:- Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Support Zone :-A zone of support provides high probability areas where a reversal or continuation of the trend may occur.
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Intraday trade in Bajaj Finserv 05/03/24.
Bajaj finserv has tested the upper resistance levels and there are chance of it giving a break out.
An intraday bullish trade can be captured in the stock.
If there is a gap up opening and price is around 1625-30, with a strict stop loss around 1615-20 an entry can be made.
Target levels :- 1647, 1660.
If the Cup and handle formation pattern follows up, Stop loss can be trailed with atleast 1675 as final targets.
Wait for the price to sustain above the resistance zone. Watch the movement in the indices to correlate.
Price action must be watched around the levels and trade accordingly.
BAJAJFINSV Analysis(Double Bottom)!NSE:BAJAJFINSV ANALYSIS!
BAJAJFINSV Daily Analysis!
Double Bottom Pattern Formation and Breakout in BAJAJFINSV!
RSI Divergence in BAJAJFINSV!
Double Bottom Pattern analysis with RSI Divergence
BAJAJFINSV has made Double Bottom Pattern on a daily timeframe it has given a breakout to the neck level and retested it's support level at the neckline only. If we see the RSI we can see the clear Divergence, while price making falling bottoms RSI making Rising Bottoms. We can expect price to move in the upward direction.
Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 1393.90
Targets = 1) 1486.40 3) 1570.35 3) 1665.25
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Bajaj Finserv in a box consolidation.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 the trade only after a break out or break down of the consolidation box.
Intraday and swing trades can be initiated in the stock.
Wait for the price action near the levels before entering the trade.
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.
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 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 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.
Bajaj Finserv Will Make One More Leg Down Before Marching UpwardBAJAJ FINSERV is forming in the descending channel.
After making the all-time high of 19325 , it has corrected 3000 points.
The descending channel has the highest value of 19325 and the lowest value of 16273 .
It has touched nine times on the control of descending channel.
Even if the control line has provided reversal, the breakout of the control line signals continuation of the trend.
Price is occurring value area box which shows control of the supply & demand. In this area, buyers and sellers are both satisfied with this price.
If the price gives a fake-out, traders can buy on the excess area for the targets of the control line of the value area box at 17275 and up to the upper band of the value area.
BAJAJFINSV LONG : ALL TARGETS REACHED.Please check out my idea posted previously on 21-07-21. All targets reached on re-entry. Please like and follow if you liked my idea. Thankyou. :)
BAJAJFINSV is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback.
A long trade can be initiated on the daily timeframe . Enter only when price sustains above the entry level for 15 minutes.
LONG ABOVE : 12200
SL : 11776
TGT 1 : 12624
TGT 2 : 13000
Another option could be to wait for a pullback on a smaller timeframe after the initial breakout and then enter on continuation.
BAJAJFINSV BREAKOUT LONG.BAJAJFINSV is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback.
A long trade can be initiated on the daily timeframe . Enter only when price sustains above the entry level for 15 minutes.
LONG ABOVE : 12200
SL : 11776
TGT 1 : 12624
TGT 2 : 13000
Another option could be to wait for a pullback on a smaller timeframe after the initial breakout and then enter on continuation.