These levels are for this week of Nov 2021.
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...
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...
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.
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...
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...
EXPLANATION : This is a 15 min time frame chart of BAJFINANACE , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates...
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: It has closing below 10DMA since last 4 days. And as per history, it remains below 10DMA for few days only. There may be case that it will break and will cross over it.
Please refer below chart : Daily time frame.
Just for reference.
Please refer below chart :...
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...
EXPLANATION : This is a 30 Min time frame chart of BAJFINANCE . It has formed a Bullish Flag Pattern , If stock break the flag with high volume I am seeing a very good opportunity in BAJFINANCE . ( Use Fiboncci )
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...
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:
On Daily Time frame it remains below 21DMA which is placed in range of 6190 level. But today's daily candle looks pretty much reversal.
Please refer below chart.
Now on 15min time frame previous trade levels will remains the same. Levels and targets are mentioned on the chart. Hope...
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