BAJFINANCE
Levels for - 27 Sep 2021Explanation : This is a 15 min time frame chart of BAJFINANCE . We using 50 & 200 EMA strategy , It has taking 50 EMA Resistance If stock continue downtrend move we can easily achieve our target 200 EMA . It has formed a pattern , What kind of pattern it is ?? let me know in comment below 👇
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Trend reversal pattern signals seen in BajFinanceUpTrend reversal pattern signals seen in BajFinance
Reasons :
Daily chart trend closed below 5 MA
Evening star candle stick formation seen with today close
Earlier 2 inverted cross doji's formed and not activated yet
Rally is paused after 31st August
Volume Decreasing
RSI Decreasing
Trend is far away from 20 and 200 MA
For healthy uptrend, stock has to test retracement of 38.2/50/61.8 Fibanocci levels
Stock did not retrace since 16th August
What can happen next :
Scenario 1 : Below 7414, it can go till 6890/6711 (if we consider 7615 as retest on 6th Sep for the high made on 1st Sep 7674.50)
Scenario 2 : Can retest 7615/7675 before going down
For any further uptrend 0.382 levels needs to be tested..
Lets see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Simple Trade Setup | BAJFINANCE | 20-09-2021NSE:BAJFINANCE
Observations:
1) On Daily Time Frame: It has closing below 10DMA since last 4 days. And as per history, it remains below 10DMA for few days only. There may be case that it will break and will cross over it.
Please refer below chart : Daily time frame.
Just for reference.
Please refer below chart : 15time frame.
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Trade Setup for Date 20-09-2021:
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.
BAJAJ FINANCE POLE & FLAG BOPOLE & FLAG BO pattern seen on Day chart of NSE:BAJFINANCE ..
after sustainable BO stock will resume its strong upmove once again.
can initiate long trade with SL below BO candle..
Positional Target will be 1000 points minimum looking at pattern.
in Pole Flag BO Pattern Target is Pole Height.
SL below BO candle, Target Pole height (aprox 1000 points), positional Long
**EDUCATIONAL PURPOSE
BAJFINANCENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
BAJAJ FINANCE with Bullish Flag & PoleKeep eyes on Bajaj Finance consolidating with falling channel since last two weeks...
Safe Buy at Rs. 7480/- (on hourly candle closing)
Aggressive Buy at Rs. 7450/- (on hourly candle closing)
Stoploss below Rs. 7330/-
Short-term Target Rs. 7675/-
Positional Target Rs. 7890 - 7990/-
Simple Trade Setup | BAJFINANCE | 06-09-2021NSE:BAJFINANCE
Observations:
1)On daily Time frame we can see that it has been holding the support of fib level provided earlier. which is placed near 7486 level. It is failing to close below it since last 3 trading days.
You can also refer the same level which was earlier provided by me in link at very bottom of this.
Any violation or daily candle close below 7486 will invite profit booking.
Please refer below chart : daily time frame.
2) On 15min time frame, we can see that it has been consolidating in a range since last 3 days. Breakout on either side will give a good movement.
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Trade Setup for Date 06-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BAJFINANCE an update on Targets... by The_RedTickerSo, its way beyond the expected swing targets. Now looks like the pattern targets too are possible. (level marked on chart)
I really dont expect a straight upmove henceforth, but if at all it has to give the pattern targets, it should not re-enter the channel. So that can be a good sl.
newcomers should book full right away.....traders with experience should look for great rewards to risk with a TSL
#The_RedTicker
*Not a fresh setup
BAJFINANCE | Tendliine Trading ⭕ Positional Trading opportunity ! Monthly Chart Alert !!!⭕
--Buy = if BO sustain above upper trendline
--Target =8647
--Stop-loss = 4809
--R:R =2.0
--Expected Profit =42 %
--Expected Holding = 6-12 months only
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BAJFINANCE | WHAT NEXT ? NSE:BAJFINANCE
Please refer below daily chart for BAJFINANCE.
1) I can see 7486 level in short term, only if it maintains to stay above 6750 level then it will be sure buy trade. Then any dip above 6750 level will be buy opportunity.
2) Only one negative thing is that on daily chart RSI suggest 78.79 which is almost near to 80 and it can be consider as over bought. So I can expect profit booking and consolidation in coming days.
3) Any safe buy entry it will be better to let it get retraced/consolidated and don't have FOMO.
4) Another buy entry can be made only if it trades above today's closing and quick target can be today's high.
5) If you are looking to invest and hold for mid to long term then you can buy it with 50% of your planned capital at CMP and then another with 50% of your planned capital once it give dip above 6750 level.
Please refer below chart.
BAJAJ FINANCE MAKING HIGHER HIGH. LOOKING STRONG FOR UPPER MOVEBajaj Finance Already In Uprend From Many Months, Now After Day Breakout Consolidated Near Sypport Area And Agin Started To Take A Up Move.
higher High Formation Done With Great Volume. Hold For New High.
TARGET SEEM 6420-6500 FOR LONG,
Once close above upper trendline then we can see a big move.
Intraday Trade: watch for resistance breakoutbuy above 6480
can take resistance around upper tl around 6530-6540
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Simple Trade Setup | BAJAJFINANCE | 16-08-2021NSE:BAJFINANCE
Observations:
1) On 1hour time frame we can see that is near the critical channel zone. From which it has make it reversal in past. But this time will it be able to make it?
Please refer Chart below: 1hour time frame.
2) On Daily Time frame, we can see that it faces resistance and closed below 21DMA on 13-08-2021 but it is still above 50DMA. If it is able to get support from 50DMA then it will be strong reversal. You can see the way it got support on 11 Aug candle from 50DMA range.
Please refer chart below: 1 Day Time frame.
3) On 15min time frame it looks like, the inverted head and shoulder pattern is being formed.
Please refer chart below: 15min time frame.
Trade Setup for Date 16-08-2021:
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 target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.