BAJAJ FINANCEThis 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 uptick
rsi in daily above 60 and uptick
Disclaimer
i am not a sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
BAJFINANCE
Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]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 resistance if it trades below is and it will work as support if it trades above it.
Please refer below chart : 1 day Time Frame.
2) Also On 15 min time frame, we can see it finally trades and close above the range of 6875-6962 level range.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for Date: 03-01-2022
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 w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BAJFINANCE - BUY Setup
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 or continuation of consolidation.
5. Trade Setups in 3 minute time frame for intraday -
a. Buy - if sustains above 7600 for above 7700, 7750. Stop 7590.
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.
-------------------------------------
Trade Setup for Date 09-11-2021:
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 w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BAJFINANCE | 22-10-2021 [INTRADAY]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 w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BAJFINANCE | 21-10-2021 [intraday]NSE:BAJFINANCE
Observations:
1) On 1 day time frame, it managed to close above 21DMA after volatile session.
21DMA is placed at 7752.89 level.
Also if we apply FIB Retracement then we can see that it took good reversal from 61.80% level of FIB retracement.
As per FIB LEVEL Major resistance is at 7748. Breakout of the same will make it bullish.
Major Critical support is at 7584.70 level range.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for Date 21-10-2021:
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 w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
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 chart : 1day Time Frame.
2) On 1hr time frame, we can see it is trading in parallel uptrend channel.
It is near the support trendline of parallel channel. If it gets good support from it then it will be bullish till the resistance trendline of parallel channel.
If it breaks down support trendline of parallel channel then it will be bearish.
Please refer below chart : 1hr Time Frame.
-------------------------------------
Trade Setup for Date 19-10-2021:
Most of the levels will remains the same as per previous setup.
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 w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BAJFINANCE iNTRADAY Trade - 17-05-20121NSE:BAJFINANCE
buy above 5460 (15min closing basis)
SL: below 5430 (15min closing basis)
Target: 5500, 5515, 5525++
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
BAJFINANCE NICE IH&S PATTERN FORMATION NSE:BAJFINANCE
Aggressive entry around 5580-5630
Breakout entry of above 5800 Daily Closing Basis
Stop Loss at below 5230 on daily closing basis
Short-term target 6123, 6385, 6648++
Nice formation of IH&S Pattern
Looks Promising as correction came with low volume
One of the Strong Candidate among sector
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
Levels for - 11 Oct 2021EXPLANATION : This is a 30 min time frame chart of BAJFINANCE . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on BAJFINANCE . If give a strong breakdown and broke its trendline support & demand zone with high volumes and retest the same , I am bearish on BAJAJFIANNCE .
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
Levels for - 04 Oct 2021EXPLANATION : This is a 15 min time frame chart of BAJFINANACE , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. Both side levels marked in chart.
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
Simple Trade Setup | BAJFINANCE | 01-10-2021 [INTRADAY]NSE:BAJFINANCE
Observations:
1) If you rememer it had made head and shoulder pattern and gave breakdown of neckline from it on 30min time frame. Now today it has closed above the neckline and now this neckline will works as support.
Please refer below chart : 30 min Time Frame.
-------------------------------------
Trade Setup for Date 01-10-2021:
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 w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | BAJFINANCE | 27-09-2021 [INTRADAY]NSE:BAJFINANCE
Observations:
1) On 30 min time frame, we can see that it will form head and shoulder pattern. And breakdown of neckline will give good selling opportunity.
Please refer below chart : 30min time frame.
-------------------------------------
Trade Setup for Date 27-09-2021:
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 w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.