BAJFINANCE BUYI hope you can now see how the Bajfinance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BAJFINANCE
Long on BAJF A Flag pattern has been observed in Bajaj Finance. The stock is in very bullish trend and will continue to do so because of strong fundamentals.
On the other hand all the technical indicators suggest a long position. Long above 3350.
Target 1: 3419
Target 2: 3500
Stop Loss: 3300
Something to pay attention: Results round the corner. A positive result will send stock to 4000 before next quarter. Negative however will keep the stock sideways.
BAJFINANCE ShortThis is related to the banknifty one (see below)
BAJFINANCE has run up beautifully inline with banknifty but at accelerated pace.
It is sitting nicely at 50% retracement and the fatigue is visible on chart.
It has made an engulfing candle today and considering the confirmed bearish bias on banknifty, this would follow.
First target is the 38.2% retracement sitting at 3000.
If the momentum is strong enough, the next target would be around 2800 followed by 2400 where we had gaps in recent past.
BAJAJ FINSERV KEY LEVELS SUPPORT AND RESISTANCE 09/06/2020Key Levels for BAJAJ FINSERV : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~5488
FIRST TARGET~5551
INTERIM RESISTANCE~5585
FINAL RESISTANCE~5621
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LOWER BREAKOUT~5434
FIRST TARGET~5411
INTERIM SUPPORT~5381
FINAL SUPPORT~5351
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
BAJAJ FINANCE KEY LEVELS SUPPORT AND RESISTANCE 08/06/2020Key Levels for BAJAJ FINANCE : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~2427
FIRST TARGET~2448
INTERIM RESISTANCE~2473
FINAL RESISTANCE~2498
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LOWER BREAKOUT~2386
FIRST TARGET~2365
INTERIM SUPPORT~2336
FINAL SUPPORT~2302
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
BAJAJ FINSERV KEY LEVELS SUPPORT AND RESISTANCE 08/06/2020Key Levels for BAJAJ FINSERV : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~5317
FIRST TARGET~5358
INTERIM RESISTANCE~5425
FINAL RESISTANCE~5473
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LOWER BREAKOUT~5224
FIRST TARGET~5190
INTERIM SUPPORT~5141
FINAL SUPPORT~5092
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.