Intraday Strategy for Bajfin (Descending Triangle Formed)Bajfin looks good above 5560
Buy at 5560 TGT 5623 SL 5522
Sell at 5522 TGT5444 SL 5577
BAJFINANCE
Bajfinance | RSI divergence Strategy 🎯⭕ Swing Trading opportunity ! 1hrs Chart Alert !!! ⭕
--Buy above =5067 or CMP
--Target = 5166 | 5303
--Stop-loss =4999
--Lot Size = 250
--R:R =3.5
--Expected Profit = 59k + ₹ per lot ( 4.66% )
--Expected Holding = 15 day only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) rsi divergence is the biggest reason
2) Trendline resistance also break
3) volume is good enough
4) support & resistance is already mentioned
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✍COMMENT Below your view !
Operaters Activity in Bajaj FinanceAs we can see, volume spiked but price not. It is clearly an operater entry before Q3 earnings.
BuyBuy 50% at CMP 5100 rest 50 % @ 5000 sl 4875 TGT 5700.
Disc : It's not an investment advise to buy or sell
Bajaj Finance go long - 30 Dec 2020If bajaj finance sustains above buy zone on opening, go long with possible upwards targets as explained on the chart.
Negative DivergenceCounter had given correction after forming first negative divergence and then again started upmove.5700-5800 is the uppermost rangebof channel at this time which is the target of the trend started in March 2020. 4775 is the level which must hold for one sided upmove. If it breaks then correction and consolidation will happen for 6000 level. As of now I believe that 5300 will be taken out today or tomorrow and we may see 123 divergence.
bajfinance idea neutral trend or rangebound bajfinance idea neutral trend or rangebound my idea is go short and sl 5250 target 5140 to 5090 possible
CNXFINANCE - BULLISH TRENDBREAKOUT FOLLOWED BY RETRACEMENT IS THE BEST PATTERN TO TRADE ON
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Bajfinance almost 500+ above 4900Bajfinance almost 500+ above 4900... Asked to go long above 4900 and see how it zoomed.
BAJFINANCE RISING WEDGE 30MBAJFINANCE is making a rising wedge pattern in 30M timeframe. You can add this to your watchlist and keep a track. There are chances for a breakout in coming trading sessions. Initiate a long position when price crosses the high of the breakout candle with SL at nearest swing low. Happy Trading!
BAJFINANCE CHANNEL IN 1HRBAJFINANCE is currently trading in a channel in 1hr timeframe. It is testing the support of the channel for the 5th time. There are chances for BAJFINANCE to breakdown the channel ( not 100% guaranteed ) and take support around the horizontal lines which are placed around 4500-4650. If there is a breakdown confirmation alongwith volumes then you can SHORT FUTURES or else wait for it to show reversal signs near support and plan for positional trades.
WILL BAJAJFINANCE MAKE A HEAD AND SHOULDER PATTERN AGAINI think the history will repeat the share Bajajfinance will once more make a head and shoulder pattern(half already formed) lets see what happens
write down in the comments section what you feel now!!
NSE:BAJFINANCE
BAJFINANCE Levels for 23-NOV-20(Intraday) Buy above 4745 for 15,40,70++
Sell below 4685 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
#bajfinance Playing on both the sidesSustaining below or above yellow line marked can open the doors for mentioned targets either side. (intra and swing)
Regards
BAJAJ FINANCE LTD - SHARP PULLBACKNSE:BAJFINANCE
OVERALL TREAND - STRONG BULLISH
ON 19TH NOV,AFTER WIDE RANGE OPENING BULLISH CANDLE,PRICE STRUGGLED TO MOVE HIGHER AND VOLUME ALSO ON DECLINING SIDE
AFTER WHICH SHARP DOWN MOVEMENT HAPPENED WITH WIDE RANGE BEARISH CANDLES ON HIGH VOLUME
TODAY WE CAN SEE EITHER,
>>>>>>>PRICE TEST RESISTANCE LEVELS 4652-4678 AND THEN MOVE DOWN TO SUPPORT LEVELS 4435-4411, CONSOLIDATING THERE FOR SOME TIME BEFORE MOVING HIGHER
(OR)
>>>>>>>PRICE CONSOLIDATE BETWEEN 4483-4590,AND THEN MOVE HIGHER
#bajajfinance #bajfinance #nifty #nifty50 #banknifty #niftybank NSE:BAJFINANCE #positional #patience required first long till #PRZ levels and if u find reversal der then only short der
