Bajaj Finance Given BreakoutBajaj Finance Given Breakout
Expecting 1000 to 1400 points in coming sessions
LongBajfiancetrade
Long
Simple Trade Setup | BAJFINANCE | 2nd Week Nov 2021 [ intraday ]NSE:BAJFINANCE
These levels are for this week of Nov 2021.
Observations:
1) On daily time frame, we can see that it took good support from 10DMA but closed below 21DMA.
10DMA is placed at 7545.32 level
and 21DMA is placed at 7676.76 level.
21DMA is immediate resistance while 10DMA is immediate major support now.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 09-11-2021:
1) Don't Jump in to trade at the beginning of
Simple Trade Setup | BAJFINANCE | 19-10-2021NSE:BAJFINANCE
Observations:
1) On 1 day time frame, we can see that after opening gap up since last two days it is facing profit booking.
But good thing is that it took support from 10DMA and closed above 7850 level. Which is partially good sign for BAJFINANCE.
If we see in recent days, it spend very less days below 10DMA. Hence breakdown of 10DMA on daily time frame it will give bearish move for short time.
And if it sustain then we can see bullish move continue.
Please refer below c
Simple Trade Setup | BAJFINANCE | 20-09-2021NSE:BAJFINANCE
Observations:
1) On Daily Time Frame: It has closing below 10DMA since last 4 days. And as per history, it remains below 10DMA for few days only. There may be case that it will break and will cross over it.
Please refer below chart : Daily time frame.
Just for reference.
Please refer below chart : 15time frame.
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Trade Setup for Date 20-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for
Simple Trade Setup | BAJFINANCE | 06-09-2021NSE:BAJFINANCE
Observations:
1)On daily Time frame we can see that it has been holding the support of fib level provided earlier. which is placed near 7486 level. It is failing to close below it since last 3 trading days.
You can also refer the same level which was earlier provided by me in link at very bottom of this.
Any violation or daily candle close below 7486 will invite profit booking.
Please refer below chart : daily time frame.
2) On 15min time frame, we can see that it h
Simple Trade Setup | Bajaj Finance | 12-08-2021NSE:BAJFINANCE
Simple Trade Setup:
On Daily Time frame it remains below 21DMA which is placed in range of 6190 level. But today's daily candle looks pretty much reversal.
Please refer below chart.
Now on 15min time frame previous trade levels will remains the same. Levels and targets are mentioned on the chart. Hope it is easy to understand.
All the levels will work as support , resistance, entry and exit w.r.t to price action near to that level tomorrow.
Do comment you doubt or su
Simple Trade Setup | Bajaj Finance | 06-08-2021NSE:BAJFINANCE
Today it was very much bearish. But the good thing is that it took support above 6230 level and closed above that range.
One can take the buy trade if it sustain support level of 6230 or 6250 and takes support from it. Also during this range if RSI is going up then it will give bullish movement.
Safe Buy and sell Trade levels are mentioned on the chart.
Do comment your doubt or comment if any.
Long
BAJAJFINANCE | TARGET -1 HIT | 19-07-2021NSE:BAJFINANCE
TARGET -1 achieved on sell side. Perfect entry and booked profit in just few candles.
How was your trade in BAJFINANCE ?
Short
bajfinance idea neutral trend or rangebound bajfinance idea neutral trend or rangebound my idea is go short and sl 5250 target 5140 to 5090 possible
Short