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.
EXPLANATION : 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...
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.
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.
Trade Setup for Date 27-09-2021:
1) Don't Jump in to...
Explanation : 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 👇
If you like this analysis of Stock give a Like // Follow , let me know...
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...
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...
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...
The stock is forming a rising wedge and trading near support of 21 EMA, once the wedge is broken we may see lower marked targets in coming sessions.
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InvestPro India Team
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...
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...
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...