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.
To motivate me, Please like the idea If you agree with the analysis.
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, 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.
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...
Today, 23-07-2021, BAJFINANCE took support from trend line but couldn't trade above our entry point 6230. It made 6225 high but faced resistance from there.
Our levels and target remains same. Buy/long trade will be only activated above 6230 levels. It closed today above 6180 level which is also our marked level. If this level works as support...
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...
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...
Sell- Between 6230-6240
Target - 6200 6145 6100 6045
Sell range is Monthly PRZ area.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
Do follow us.
Share with fellow traders
Also check the below related ideas for other stocks.