I'm not holding BAJAJFINSV, if anybody's holding they may exit their position
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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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...
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...
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.
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.
Short 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.
Bajaj 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...
Sell only if sustains below 8940 for the targets of 8850, 8770, and 8700 until 9030 is saved on the downside.
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Happy Trading!
InvestPro India Team
BAJAJFINSEV 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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NSE: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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