Bajaj Finance is going to declare its quarterly result. But before the fundamental analysis the stock is in consolidation from last week.
On breakout can it can test its new highs.
Wait for the breakout and trade with proper target and stop loss.
Bajaj finance as give a close above Month on Month resistance and can create new ATH.
Flag and pole pattern once broke on the upper side and give buy opportunity for the Target of 8000.
This stock has formed very good flag pattern on daily time frame and yesterday's candle has given breakout, but volume is not satisfying intensity, but above next small hurdle, stock can show good momentum.
scenario
macd in weekly turned and uptick
macd in daily positive and...
Hello guys, Astral has hit all the 3 targets you guys can book near 8% now.
Now this script bajfinance has given a breakout from flag and pole pattern which works very well according to my minute experience.
You wont be able to see flag and pole in this image so please zoom it out and you'll be able to see it clearly.
Buy above - 7460
Targets are mentioned in...
NSE:BAJFINANCE
Observations:
1) On 1 day time frame, it is just below the 21DMA which is placed at 6988.11 level
200DMA is placed at 6465.15 level which is major support.
If it trades above 21DMA then there will be chances of up move. But if it faces resistance then it will be down fall again.
So we can see that 6990-7000 will be major range. It will work as...
Bajaj Finance looks weak if sustain below 7180 for marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BAJFINANCE important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BAJFINANCE -
1. Major Support - 7300.
Major Resistance - 8000.
2. Past Trend - Up trend. Then went into consolidation after fall from 8000. Broke 7300 an important swing low and reversed.
3. Current strength - in up as shown by up move from 7220 to 7754.5.
4. Future trend - up move to test 7750, 7900. Watch for strength of this up move for break of 8000...
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...
NSE:BAJFINANCE
All the levels and trade setup remains same.
Trade Setup for Date 22-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit...
![BAJFINANCE: Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]](https://s3.tradingview.com/a/aiEnT3nI_mid.png "Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]")
![BAJFINANCE: Simple Trade Setup | BAJFINANCE | 2nd Week Nov 2021 [ intraday ]](https://s3.tradingview.com/o/OmYVtdFE_mid.png "Simple Trade Setup | BAJFINANCE | 2nd Week Nov 2021 [ intraday ]")
![BAJFINANCE: Simple Trade Setup | BAJFINANCE | 22-10-2021 [INTRADAY]](https://s3.tradingview.com/i/ifhun02m_mid.png "Simple Trade Setup | BAJFINANCE | 22-10-2021 [INTRADAY]")