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Bajfinancelong

BAJAJ FINANCE TARGET HIT | TRADE SETUP 28-07-2021NSE:BAJFINANCE Today Target 1 of 6278 hit easily and even if some might have hold then one can have achieved till 6300 easily. After that it went down and surprisingly it closes in range of our entry zone which is at 6230 level. This level was previously acting as a resistance Zone. About Open Interest 6300 level will be deciding level as today it had addition of highest put option writing even though it is in the money. On the other side total call writing is higher than put writing . But change in OI is higher on Put side at 6300 level. Apart from all 6400 is now having highest call writing . Trade setup for tomorrow. Now if tomorrow 6230 range works as Support zone then we can see easy up move towards 6300 level. No matter what it is advisable to book the profit at this level as well as partial profit at 6278 level which was our 1st target. Further if it holds and trade above 6300 level then we can see another up move and target mentioned on chart. Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:BAJFINANCELong
by Trading_hawk
2
BAJAJ FINANCE TARGET AND LEVELS | 23-07-2021NSE:BAJFINANCE BAJFINANCE looks positive to buy above 6230. Option chain data shows short covering/call unwinding till 6500 level. Also highest open interest is at 6500 which will act as a good resistance in this July month. If it goes down to test the support till 6180 or even low to 6130 then wait until it gets support from there and gives sign of reversal with strong green candle on 15min chart and it should have a green candle after it. Once go long above this level as well but for safe trader better to go long above 6230 level only and once it shows 15min green candle and it should have a green candle after it. Do not get in to short/sell position at this moment. Targets are mentioned on the charts. Better to keep booking your profit tomorrow. Do comments if you have any doubt. Hope my ideas are helping you to understand price action and levels.
NSE:BAJFINANCELong
by Trading_hawk
BAJAJFINANCE levels.NSE:BAJFINANCE It has been trading in range between 6100 to 6200 since 9th July. 6100 have highest Put open interest and 6200 have highest Call open interest in July expiry options. 6100 is working as immediate support and 6200 is working as immediate resistance. And stock is also taking resistance from the trendline shown in the chart. It is worth to watch and keep an eye on this stock. Any break on either side will give a significant move. Buy only once the 6200 to 6225 range is breakouts properly. And sell only below 6094 after it breaks down it. It will give good profit on either side. Don't jump in the trade without getting clear breakout or breakdown confirmation. Comment below if my Ideas are helping you to understand the levels. Also comment your suggestion or doubts. All the best for trading in next week. Have a good weekend.
NSE:BAJFINANCE
by Trading_hawk
As expected,The beginning of uptrend is started in Bajaj FinanceNSE:BAJFINANCE Hi Traders, As expected in previous idea ( "Bajaj Finance Long" ), Stock has broken resistance line and start moving in upward direction. There is a possibility of temporary retracement to suggested resistance line (3523). If so, you can open new orders based on price action. Stock Analysis * Stock was in a range and developing higher high and lower low pattern between this range with support of trend line. * It could not give closing above 3523. Today it has broken resistance line (3523). * The beginning of uptrend is started. Buy Level 3330 (Given in previous idea) Target Level TP1= 3821 TP2= 3983 TP3= 4244 ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * It is educational/learning purpose only... Trade well, **********************************************************************************************************************************
NSE:BAJFINANCELong
by vimal.kr.pathak
2