As you can see clearly , Institutions have gone to take out for liquidity and is now showing signs of reversal. Red line is the resistance and price should fill it before turning bearish. Blue lines are take profit lines. Disclaimer: I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit...
Bajaj Finance may take any of the one route in coming future; if we break the wedge now will go up now; or might face some more consolidation for some while
Trade the trend with the drawn support and resistance.
BAJAJ FIN 2700 FUTURES SHORT@2900 STOP@2930 TARGET@2870 QTY=250 !!STRICT STOP-LOSS TO BE MAINTAINED!!
NSE:BAJFINANCE Reasons being: 1. Expected Parallel channel Breakout in Daily chart 2. Breakout in OBV 3. More than Daily Normal Volume Long Bajaj Finance for a target of 2200 and 2350 in 2 to 3 Weeks
If i make it short, looks like bajaj finance is going to have a bad diarrhea. The red line is a big barrier and if it breaks then we will see a gap filled (unlikely) and hit orange like. Im being simple an on point. Short below 2155 for targets 2140 2134 and 2126. Please Trail SL to profits if you are in. please dont long in bajaj finance anytime now. You can get...
bajfin short sell setup ( on recovery )
Bajaj Finance shows dual pattern. One is a Descending triangle pattern implying a bearish outlook and the other is a Bear flag indicating bearish continuation. Both the pattern looks valid by breaking the common price of confirmation at 3380. Descending Triangle: Depth of pattern looks to originate from 3760 towards the base of 3380, forming a considerable 380...
Bajaj Finance trading along a channel, has hit the upper end. There might be a small drop from this level if the channel is to hold. Also notice a bullish continuation pattern formed within the channel. Hence, if the channel upper end is broken, we can expect the stock to move to 3695 level. (Disclaimer: Our charts and contents are just for the purpose of...
fundamental lead to technical rally and not vie versa
results on the way , i am expecting a positive move in the counter of more or less 17 % or so .. on the basis of levels from different calculations ,
Long run on bajfin and levels are mentioned in the chart.
these are not a recommendation but my way of taking a trade . will like to go short on he stock with stop loss 1965 or depend on the conditions . can trail stop loss if necessary!
it needs to sustain above 1710 for an upside move!
i am strongly bullish on the stock with both short and long term