BAJAJFINSV trade ideas
#Bajajfinsv cash : Looks good around 10350-10400#Bajajfinsv cash -Positional
16.02.2021
Looks good around 10350-10400
Stoploss 10260
Target 10540/10650/10800
Cmp 10460
(Buy on 1st 5 min candle High else avoid)
Bajajfinsv Following The Parallel channel (Support & Resistance)Bajajfinsv Following The Parallel channel (Support & Resistance)
BAJAJFINSV Buy at 8360 , At its supportI will buy BAJAJFINSV because :
It has been taking support at the trend line .
It has touched the support 2 times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 8360
Target : 9470/9890
Stop loss : 8200
bajaj finserv in oversold range good opportunity to buy we can see rsi near by 40 and mfi below 30(oversold range) ,
in short term we can expect to go to 9300 in long term can go 10000+ as bajaj finserv may get banking license
we can see now price is currently at previous month low(december low) ,and in november also price traded at this range ,actually it is going sideways (consolidating) and bollinger bands contracted and we can clearly see accumulation is happening so can buy now and in short term can expect 9300 ,,,if banking license triggers it might go above 10000+ in long term
in bajaj group if banking license would be given it would be given to bajajfinserv only , and bajaj finserv is an 5 rupee share ,and in last 20-30 years banking license is not given to private compaines which have other businesses as there is rule that companies having other businesses should not be given banking license as they might misuse it for their own businesses lend loans to themselves but now government itself and rbi are coming forward to give banking license promoting banks in remote areas so they have decided to give license to private players and finserv has established all over india and will meet the criteria they are lend loans but if they get banking license they will have huge advantage as they can collect from people and lend loans at higher rates and benefits will come
BAJAJ FINSERV / BAJAJ FINANCE The pair chart is suggesting a reversal in Relative Strength from this level as it takes support near a rising trend line, suggesting Bajaj Finserv will outperform Bajaj Finance from here onwards. As per this the spread could now resume its uptrend till 1.95 and then 2.10, view negates below 1.72
BAJAJ FINSV L0NG SETUP Just see BAJAJFINSV is showing up-flag chart pattern and in coming days it will show fantastic results, over-analysis is paralysis but all indicators are showing bullish move, it will soon gonna on a big bull run.
Bajaj Finserv ready to test ATH againThe stock is making an ascending triangle pattern and looks good above 9760 levels.
Bajaj Finsv trading at important support line at one hour candleBajaj Finsv trading at important support line at one hour candle, where it took support already in previous session.
I can see a wig in one hour candle..
BAJAJ FINANCIAL Trading SetupCan short below the given levels as there is no good support beyond that level.
SoD (Supply Overcoming Demand) - VSARising volumes but price acceptance at higher levels is missing in BajajFinserv. Yesterday stock made a #BuyingClimax candle where the high volume buying was rejected at higher levels and stock closed almost at lower part of the day. SoD/BuyingClimax candle low is 8951 below which short trades can be initiated. Would be a good idea to book profit on longs at current levels.
Going to 10KGood to go long. Going to 10K by end of the month and much higher in the next month or two.
Trade on breakout in BAJAJFINSV BAJAJFINSV is consolidating , wait for breakout from this pattern to take trade.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Flag Pole structure in Bajaj FinservePost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
BullishFlag pattern formed likely to go up
If maintain above 9024 targets are mentioned in green for analysis take check on all charts
Tgt 9070,9139
Keep booking as per ur appetite
Bajaj Finserv Looking Interesting but Market need correction Bajaj Finserv Looking Interesting but indexes need correction.
Lets see which side it give breakout
