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.
Bajajfinsvshort
BAJAJFINSV | Fall expectedI'm not holding BAJAJFINSV, if anybody's holding they may exit their position
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A bearish move in Bajaj Finserv (analysis for 20/10/22)Bajaj Finserv has been trading in a range and forming rising wedge pattern on the daily time frame.
The stock has been taking support from 20 DMA and has closed just near the level.
A morning star pattern is there on the daily time frame.
Stock has closed between both the moving averages on the hourly time frame.
An entry can be made in the down side, as rising wedge is a downtrend pattern.
Target :- 1670, 1628
Stop loss :- 20 DMA (daily close above it)
Enter the trade once the stock break downs the pattern. Swing and intraday trades can be initiated, if the daily candle close below the level.
Watch for the quarterly earning of the stock.
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 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.
Bajaj Finserv - Short OpportunityShort 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.
Bajaj Finserv - Short OpportunityShort Opportunity -
Bajaj finserv is planning for the third wave. There were two waves formed, according to this history there is the third wave is expected. The CCI is trading near the -100 level and CPR is narrow and at the downside, so the ball is in the bearish court. We can go for short trade if the MA is headed to the downside.
Bearish Engulfing Candle On Daily Time FrameBajaj Finserv LTD has formed bearish engulfing candle stick pattern on daily timeframe. RSI below 50 and ready to break down the trend line. Best shorting opportunity below 17249 for 1st target 17000, and second target 16850.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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
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BajaFinsv : Trade SetupNSE:BAJAJFINSV
Hi Traders,
BAJAJ FINSERV remain range-bound throughout month. Now, it has started move in downward direction.
Entry and target level on chart.
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* This analysis is educational/learning purpose only.
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