NSE: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...
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...
NSE: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...
NSE: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...
NSE:BAJFINANCE Today it was very much bearish. But the good thing is that it took support above 6230 level and closed above that range. One can take the buy trade if it sustain support level of 6230 or 6250 and takes support from it. Also during this range if RSI is going up then it will give bullish movement. Safe Buy and sell Trade levels are mentioned on...
NSE:BAJFINANCE Today, 03-08-2021, It gave strong closing above 6300 level. Levels and chart is simple to understand for the trade setup for 04-08-2021. do comment if you have doubt or suggestion. My personal view is bullish on BAJFINANCE.
NSE: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...
NSE: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...
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...
ON SEE THE CHART OF BAJFINANCE 1 DAY TIMEFRAME THERE IS A HEAD AND SHOULDER PATTERN. IT WILL BREAK OUT SOON. SO THE POSITIONAL TARGET = 6363 STOPLOSS YOUR RISK
BAJFINANCE is testing its previous demand level. In upcoming days, it can trade around 7k levels. BUY in the range of 4880-4900 Target 1 - 5279.75 Target 2 - 6055.10 Target 3 - 7091.30 Stoploss - 4640
NSE: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...