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BAJFINANCE

BajF: Structurally WeakThe stock tried to bottom near March 2020 lows which also coincided with the 23 Oct 2018 gap zone at 2083. After a couple of attempts the stock finally broke the lows in April and took support near an important monthly level at 1912, which has also been 61.8% retracement of BajF's life time bull market. The stock faced a strong upside bounce of 26%. It tried to hold this low for some time before breaking it down in May to make a new low. In my personal opinion although the stock is structurally weak and making new lows yet there is not much downside conviction. If one is looking to go short, one has to wait for deep retracements. On downside there is a weekly support at 1818 for the short term. Longs can not advised for short to medium term unless the structure changes to HH and HL. For long term, buying can be done in pieces near the support areas mentioned on the chart. Hope this information will be useful. Regards
NSE:BAJFINANCEShort
by Bravetotrade
5
Bajaj Finance good for swing trades short selling going to 1971I think bajfinance will see a upward movement to 2066 may be 2107 but won't break the trend line are market is in bearish mode i think this is a good opportunity for both intraday and swing trading for intraday if it sustains above its current level and starts to move up and i think this can happen as it was near a good support so long for intraday but have close look on resistences and for swing traders i think it is a sell to 1971 best buy would be near the both resistence look for the trend line too in hourly chart too for swing traders moving averages are also showing sell as 100EMA is below 200EMA and 50EMA is below 100EMA and the prices are taking support on 50EMA and prices are below that so a good opportunity for swing traders suggest me more stocks that i should analyse i am still learning
NSE:BAJFINANCELong
by RoyRishu
6
BAJAJ FINANCE - Extending the Pain..!BAJAJ FINANCE , amongst the favorite counters to initiate a trade on the long side is seeing a different scenario now. With the 21-day lockdown, consumption has slowed down considerably, and discretionary buying is out of sight. With the economy now slowing down even further, the earlier growth rate is hard to achieve.The stock is having one of the most challenging phase and the bearishness is expected to continue lower as can be seen from the descending triangle breakdown that has emerged on Friday. The break has been with a long body candle beyond the support region. Further the momentum setup is indicating a resumption of bearish momentum highlighting the intensity of decline.
NSE:BAJFINANCEShort
by Raja_Chart_Advise