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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
SHAREINDIASHAREINDIA:- The stock has given a breakout after 11 months. Volumes are also showing good. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:SHAREINDIALong
by AjayDhakad_Keep_it_simple
TNPLTNPL :- Wait for the breakout, the stock has also been consolidating at one place for quite some time. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:TNPLLong
by AjayDhakad_Keep_it_simple
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
NSE:TRANSWORLDLong
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
SWING IDEA - BALKRISHNA INDUSTRIESFor savvy traders seeking the next big opportunity, Balkrishna Industries is now in the spotlight with a breakout that demands attention. Reasons are stated below : After multiple tests, Balkrishna Industries has triumphantly closed above the key resistance level at 2675, signaling a decisive breakthrough. The stock has shattered a robust consolidation spanning over two years, suggesting a potential shift in the underlying market dynamics. A bullish hammer formation, engulfing the preceding candles, provides a strong visual cue of bullish momentum, enhancing the appeal of this breakout. Balkrishna Industries has not only breached but also taken out all previous highs, showcasing the strength of the current upward movement. The stock's ability to establish constant higher highs underlines a sustained bullish trend, offering traders confidence in the stock's positive trajectory. With the price trading above both the 50-day and 200-day EMAs, the technical landscape indicates that the trend is intact, adding another layer of confirmation to the breakout. Target - 3144 // 3361 StopLoss - weekly close below 2506 @visionary.growth.insights
NSE:BALKRISINDLong
by Visionary_Growth_Insights