possible reversal in Bajaj finservstock taking support in long term trend line
forming a tweezer bottom in one day chart after a gap down on the previous day
stochastic oversold
A strong buying on Monday would confirm a reversal...
BAJAJFINSV trade ideas
BAJAJFINSV Trading Above Fresh Weekly Demand ZoneBAJAJFINSV is currently trading at ₹1569.25, slightly above its demand zone between ₹1569 and ₹1523.25, established on 23rd August 2024. This fresh zone has not been tested yet, suggesting potential buying interest if the stock revisits this range. Investors might consider monitoring for a pullback to these levels, which could present a buying opportunity with strong support.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
Sell the rally Bajaj Finserv CMP 1596
Elliott- zig zag is the only corrective pattern that has 5 waves in its first leg of correction. The B wave can go all the way to 1890 which is some 20% from here. Again an opportunity for traders.
BAJAJFINSV: Key Levels to Watch for Potential Downside MovementIn this analysis of BAJAJFINSV, we observe a potential bearish setup
Trigger Level: If the price breaks today's low, it may indicate further downside movement.
Stop Loss: Today's high serves as a prudent SL to manage risk.
Target: Monitor the mentioned levels or adjust based on price action dynamics.
⚠️ Disclaimer:
This analysis is for educational purposes only and is not a trading or investment recommendation. Please do your own research and consult a financial advisor before making any decisions.
Bajaj Finserv stock trendline Breaks then take supportBajaj finserve was moving sideways for quite some time and just few days before gave a breakout after that retest.
Elliot Wave looks like it has made an ABC correction.
Right now the price will either breakout or breakdown so we will keep an eye on its action. If it breaks out then we will enter 1790 and our stoploss will be 1685 and our target will be 2000.
Bajaj Finserv Symmetrical triangle breakout and retestBajaj Finserv Symmetrical triangle breakout and retest.
Price continue to trade above upper trendline stock may move upside.
Pattern base target plotted on chart.
Disclaimer:
Chart shared for educational purpose only, no any buy or sell recommendation given on stock.
BAJAJFINSERV Price in accumulation phase with Rounding bottom fLong with stoploss below rounding Bottom low 1680, Breakout above 1775, Price Target 2025
Bajaj finserv LONG!!Bajaj finserv has taken a retest at current levels, and it also seem to have strong support with target of 52 weeks high at 2010/- ,
Symmetrical Triangle Breakout: Weekly Timeframe: 26-Aug-24Symmetrical Triangle Breakout: Weekly Timeframe: 26-Aug-24
Stock forming a symmetrical triangle pattern and can break-out in either direction. Will wait for a bullish breakout above the trendline on a weekly basis before entering
In the week of 26-Aug-24 stock brokeout with a bullish candle. Will enter the trade in the coming week
Volume during the week of the breakout was above 9 SMA
RSI in the week of 26-Aug-24 (64.87) is above 60 - indicating buying interest
Drawdown = 859.8/-
SuperTrend = 1500.52 (26-Aug-24) is positive
ATR = 80.93 (26-Aug-24)
Entry = Idealy at the close of previous week i.e. 1783.05 or at market level
Target = Breakout level + Drawdown during consolidation phase = 1932.5 + 859.8 ~ 2790
Stop Loss = 1 ATR below previous week's (26-Aug-24) low = 1638.75 - 87.74 ~ 1550
Risk:Reward = 3.29
Bajaj Finserv Multi Year BOThis stock is set for a good long trade. BO after many months, can look for a long position with target of 2500.
BAJAJFINSERVBreakout Confirm above All time High. ABCD Pattern form in Monthly Chart find out entry in shorter time frame & Target will be 2470
Breaking Out Major Resistance NSE:BAJAJFINSV is Breaking Out Major Levels on the Weekly Chart, It is fundamentally a good stock and with Hopes of RBI cutting rates this month stock will perform well ahead.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Use the correction to buyBajaj Finserv- CMP 1928
The stock is at channel resistance. That zone is also its previous highs. Hence a correction is likely from here. This correction will be the last one before the stock breaks free from years of consolidation. Utilize the dip to buy and hold.
BAJAJ FINSERV 1HRINTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
BAJAJ FINSERV Looking good for Downside..
When it break level 1920 and sustain.. it will go Downside...
SELL @ 1920
Target
1st 1915
2nd 1909
FNO
BAJAJ FINSV SEP FUT – LOT 6 (Qty-3000)
BAJAJ FINSV SEP 1960 PE – LOT 1 (Qty-500) – PRICE (45.45)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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Bajaj Finserv Triangle breakoutBajaj Finserv made triangle pattern.
currently on daily chart it has given a breakout from triangle but
also need breakout from triangle on weekly closing basis.
Will keep the stock on radar for weekly closing.
Weekly breakout from pattern on closing basis will take stock to previous high 1929 to 2100++
BAJAJ FINSERV ATH BREAKOUTBajaj Finserv has been consolidating since 2021 and had formed a bullish pennant pattern , which it has already given breakout of , If The stock gives strong weekly closing above all time high levels with good volumes it can bring further momentum in stock
Do lookout for weekly closing above 1933 levels for possible target of ~ 2800 on positional basis
Triangle breakout on monthly A very good triangle breakout on bajajfinserv is seen thos can give good target.
Since this is monthly i am keeping target open buy on any small dips will reduce SL.
Short term trading opportunity in Bajaj Finserv for > 15% upsideHi,
NSE:BAJAJFINSV has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
Bajaj Finserv Ltd view for Intraday 19th September #BAJAJFINSVBajaj Finserv Ltd view for Intraday 19th September #BAJAJFINSV
Buying may witness above 1905
Support area 1870-1872. Below ignoring buying momentum for intraday
Selling may witness below 1872
Resistance area 1900-1905
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Breakout from Symmetrical Triangle with 100 EMA Support
✅ The stock is trading within a symmetrical triangle pattern, indicating a potential breakout. It has recently crossed above the 100 EMA, which acted as dynamic support, strengthening the bullish sentiment.
✅ The RSI is trending upwards and is currently around the 63 mark, suggesting increasing bullish momentum. The recent surge in volume further supports the possibility of a breakout.
✅ A successful breakout above the upper trendline, combined with sustained volume, could push the stock towards higher levels, potentially targeting ₹1,900. Traders should monitor for a close above the trendline to confirm the breakout.
Bajaj finserv break out.Bajaj finserv trading as per Elliott wave, It was given break out of triangle pattern at1700, As per chart Possible target would be 1836, 1932 and 2431 soon.
Can go up ?1)Price turning sideways after a Up move. Maybe gives indication of 4th wave
2)If this will be the 4th wave then the final 5th is still pending my brother.
3)The three-year trendline that has been in place since 2021 seems to be breaking this time.
