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Short-term trend for Bajaj Finance Ltd 29.01.2024 - Feb 2024The short-term trend for Bajaj Finance Ltd. (BAJAJ-FIN) on the TradingView chart appears downward with lower highs and lower lows. Here's a breakdown: Volume: Relatively low volume, implying the recent downtrend might lack strong conviction. Price Action: Broke below the recent swing low around ₹7150, confirming bearish momentum. Struggling to hold above the ₹7035 support level, suggesting further downside potential. Therefore: Short-term traders could potentially look for shorting opportunities near resistance levels like ₹7150 or ₹7200, with stop-losses placed above the recent swing high around ₹7230. A bounce at the ₹7035 support level could offer entry points for long positions if confirmed by bullish signals like higher volume or reversal candlestick patterns. Target levels would be 6890 and 6600 if 7035 breakdown happens Remember: This is just a short-term analysis based on the current chart. Always conduct your own research and consider various factors before making trading decisions.
NSE:BAJFINANCEShort
by nersusmedia
1
ENGINEERING INDIA LIMITED STOCK PRICE ACTIONNSE:ENGINERSIN when price drop in the previous 2019 price reacted from a strong demand zone in the half and monthly, Last Time Price Hits Monthly & weekly Strong Supply Zone, then all demand zone Back to Back Breaks, Now Price hits Weekly Dz, there are two excuition level 1st zone very good, if market in strong selling presure may be change to price come in the lower level, *Now there may be a very good moment in the price, because every demand zone is responding since the price hit the weeky dz* 1st tg 2nd tg easily achieve.
NSE:ENGINERSINLong
by investingedge1s
Long Setip in Shreyas ShippingAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:SHREYAS Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
SLong
by raigvivek
Central bank Of India Simple Price Action BullishNSE:CENTRALBK In the past was in a severe Down Trend, but currently, it has created a U-shape recovery, which should take the price up to 122, which is approx.136% Return on Investment from the current market price. But before going up there can be some consolidation and a small drawdown. Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:CENTRALBKLong
by Prosenjit
Vaibahav Global-Bottom fishing tradeVaibhav Global Limited (VGL), is in the business of global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. Logic: Stock is consolidating since few months after a huge fall and is trying to give breakout of consolidation. It can be a sign of accumulation breakout. It is a wedding season and stock can show some quick moves after a breakout. Risky trade. Do follow me if you like my analysis. Happy trading!
NSE:VAIBHAVGBLLong
by chartistamey
5