Bajfinancelong
BAJFINANCE Outlook...I used Trend following method and Fibonacci retracement tools to discover stock'schanges to break the previous high to find probable break keep watch and wait.
Ignore Gap down Cancel the plan
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance before trading.
Triangle consolidation in Bajaj Finance.Bajaj finance has been forming an inside candle and is consolidating in a descending triangle patter.
The stocks has been trading around its 20 ema on the hourly time frame.
The volume are falling and the triangle break out with high volume can initiate a swing as well as intraday trade.
On 15 minute time frame analysis, the moving averages are close together and the stock has closed near the levels.
Support :- 7160, 7050
Resistance :- 7310, 7500
The stock option and stock can be traded as the month as just started and the time decay will not eat away the gains.
Wait for the price to break out of the triangle and let the price action formation near the price levels.
Simple Trade Setup | BAJFINANCE | 30-05-2022 [INTRADAY]NSE:BAJFINANCE
Observations:
1) On 15 min Time Frame, it has come out from the Resistance channel .
Please refer below chart : 15min time frame.
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Trade Setup for 30-05-2022
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.
Simple Trade Setup | BAJFINANCE | 23-05-2022 [INTRADAY]NSE:BAJFINANCE
Observations:
1) On 15min Time Frame, we can see a triangle pattern formation.
Please refer below chart : 15min time frame.
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Trade Setup for 23-05-2022
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.
#Bajajfinance Harmonic SupportNSE:BAJFINANCE
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BAJFINANCEThis stock has crossed his weekly swing high, and overall wave structures are suggesting impulse ahead, also macd and other indicators are supporting our bias to go long.
all the key levels are mentioned on chart.
Overall wave structure
macd in daily positive uptick
macd in weekly converging upwards
RSI in daily
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Bajaj Finance breakout, keep an eye...Hello guys, Astral has hit all the 3 targets you guys can book near 8% now.
Now this script bajfinance has given a breakout from flag and pole pattern which works very well according to my minute experience.
You wont be able to see flag and pole in this image so please zoom it out and you'll be able to see it clearly.
Buy above - 7460
Targets are mentioned in the chart above
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 | 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.
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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.
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 :)
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.
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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.
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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.
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 | 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.
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.
Simple Trade Setup | Bajaj Finance | 10-08-2021NSE:BAJFINANCE
Simple Trade Setup
If it opens in no trading zone then wait for first 15-20 minutes to let the early trading noise get settled.
Once it break 6230 level or trendline then it will be entry for buy trade. But a 15min candle breakout of this is required and it should be followed buy 2 - 5min candle trading above this level.
Don't jump in to trade at early. Let it get settled.
But if it breaks down 6180 level then it can be entry for sell side but safe sell trade entry will be breakdown of 6150 level with 15min red candle.
All other levels will work as target, resistance, support, entry & exit point w.r.t to how price action is working tomorrow near that level.
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On Daily Time frame, today it has closed just above 21DMA. 21DMA is placed at 6190 level. Which is a good sign.
So far it has been taking support from 21DMA on daily time frame.
Also it has been following trendline and taking support from it on daily time frame.
Refer below chart.
Tomorrow, 10-08-2021, will be good day to observe and take the trade as per trade setup only and trade with SL.
Do comment your doubt or suggestion.
all the best.