Bajfinancetrade
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.
going long seeing neckline breakout in the script
going long ....keeping stop and target as per risk appetite
enter at current level
option trade - 7700 or 7800 can be taken @ cmp
lets c how it performes
formations - double top breakout
rsi divergence
cup and handle neckline breakout
disclaimer - for study purpose only
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.
BAJAJ FINANCE - SELL SETUP on Hourly chartNSE:BAJFINANCE
BAJAJ FINANCE - SELL SETUP FOR SWING TRADE
Trade Maturity expected Time : 1-15 days
As we can see the market tried to make double top but facing pressure from sellers , hence we are looking for opportunity to sell in expected correction if at all happens towards potential targets.
Buy and sell levels are indicated on charts with stop loss to be maintained for this trade setup.
Risk Reward is good enough and stop loss can be trailed in order to minimize risk if needed
Happy Hunting :)
Chintamani
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.
Simple Trade Setup | BAJAJ FINANCE | 25-03-2022 [INTRADAY]NSE:BAJFINANCE
Observations:
1) On 1day time frame, we can see a resistance channel.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see both resistance and support channel.
Please refer below chart : 15min Time Frame.
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Trade Setup for 25-03-2022
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.
BUY BAJAJ FINANCE ABOVE 7000 FOR 5%-10% GAINSAsian paints has taken support of the possible triple bottom
Bounced from 200 MA
Sitting on demand zone
Above flip level
Healthy retracement of 61.8% done from last swing high
Good volume on previous 2 sessions
7000 will act as a psychological breakout/support.
Buy above - 7000
Targets mentioned in the chart above
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Simple Trade Setup | BAJFINANCE | 28-01-2022 [INTRADAY]NSE:BAJFINANCE
Observations:
1) On 1 day time frame, it is taking support near from 200EMA and since last 3 days making lower lows.
Today it made doji candle. right now immediate support is at 200EMA which is placed at 6684.79 level range.
If it trades above Today's high then only it will be buy trade.
Please refer below chart : 1day Time Frame.
2) Please refer below chart : 15 min Time Frame.
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Trade Setup for 28-01-2022
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.
BAJAJ FINANCEThis stock has formed very good flag pattern on daily time frame and yesterday's candle has given breakout, but volume is not satisfying intensity, but above next small hurdle, stock can show good momentum.
scenario
macd in weekly turned and uptick
macd in daily positive and uptick
rsi in daily above 60 and uptick
Disclaimer
i am not a sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]NSE:BAJFINANCE
Observations:
1) On 1 day time frame, it is just below the 21DMA which is placed at 6988.11 level
200DMA is placed at 6465.15 level which is major support.
If it trades above 21DMA then there will be chances of up move. But if it faces resistance then it will be down fall again.
So we can see that 6990-7000 will be major range. It will work as resistance if it trades below is and it will work as support if it trades above it.
Please refer below chart : 1 day Time Frame.
2) Also On 15 min time frame, we can see it finally trades and close above the range of 6875-6962 level range.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 03-01-2022
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 | 2nd Week Nov 2021 [ intraday ]NSE:BAJFINANCE
These levels are for this week of Nov 2021.
Observations:
1) On daily time frame, we can see that it took good support from 10DMA but closed below 21DMA.
10DMA is placed at 7545.32 level
and 21DMA is placed at 7676.76 level.
21DMA is immediate resistance while 10DMA is immediate major support now.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 09-11-2021:
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 | 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.
Simple Trade Setup | BAJFINANCE | 19-10-2021NSE:BAJFINANCE
Observations:
1) On 1 day time frame, we can see that after opening gap up since last two days it is facing profit booking.
But good thing is that it took support from 10DMA and closed above 7850 level. Which is partially good sign for BAJFINANCE.
If we see in recent days, it spend very less days below 10DMA. Hence breakdown of 10DMA on daily time frame it will give bearish move for short time.
And if it sustain then we can see bullish move continue.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see it is trading in parallel uptrend channel.
It is near the support trendline of parallel channel. If it gets good support from it then it will be bullish till the resistance trendline of parallel channel.
If it breaks down support trendline of parallel channel then it will be bearish.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 19-10-2021:
Most of the levels will remains the same as per previous setup.
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 .
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