BUY: Bajaj Finserv Ltd at CMP of 4392.55, T: 4814, Sl: 3985.3Bajaj Finserv Ltd - Hourly Chart - buy signal
Buy at 4392.55, Sl: 3985.3, T: 4814.7, Conservative Target (5%): 4620
BAJAJFINSV trade ideas
BAJAJFINSERV, forming Wedge pattern,Buy on breakoutthe price is forming wedge shaped pattern,after breakout and retest of the pattern,we can look for BUY opportunity..
Bajajfinsv approaching towards its Monthly SupportBajajfinsv is moving towards its strong support zone at 4022.75 on a monthly chart. One shouldn't take any decision till the time stock trades between 5531.30 & 4022 as we might see stock trading into this zone in a zigzag manner for a long time. All the price mentioned is on a closing price basis on a Monthly chart. Swing traders can take a long side once it hits the support line & then RSI 15 crosses over 40 again on a monthly chart.
NSE:BAJAJFINSV
How to Trade a Descending Triangle Pattern ?A Descending Triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
The stock is in a clear descending triangle pattern and gave a false breakout around 4300 levels & got rejected around 4100-4200 level which acts as a support zone.
We can short only below that level.
Our Target will be the height of the triangle which is of 1180 points.
Our Stop loss will be the horizontal trend line as if the stock goes above it the trade will be inactive.
Stay Safe & Trade Safely.
BAJAJ FINSERV LTD Setup1st target would be the median line
2nd target would be at the lower parallel.
Stoploss @4515
380 points captured in BAJAJFINSV & JUBLFOOD (Trade Analysis)It was most profitable day for any intraday trader.
BAJAJFINSV was given for short below 4330 at 11:29 well before breakout (it was trading around 4345). Reason for short is highlighted in chart.
T1 was notified as 4301 (psychological support) with T2 as 4285 (highlighted in chart) and below that it was notified as free fall.
Soon enough it breached T1/T2 and then fell like crazy to make low of 4087 (350 points), although as taught, we never take greed and booked satisfying 200+ points.
JUBFLODD was given to long above 1601 at 11:08AM and it took some time and it sailed smoothly to 1638 ( 37 points). Although my T2 was not met but T1 for JUBLFOOD was 1628 which it reached in no time.
Logic for JUBLFOOD was TL breakout and small ascending triangle formation.
Other than this we had 5+% profits in PFC & BANDHANBANK which were given last evening & both were easy trades.
Provided NIFTY support view at 10:44AM and NIFTY reversed exactly from same level. See charts below
NIFTY EOD chart (never crossed levle provided)
All in all we had pretty decent day and everyone earned good profits.
My philosophy of price action is to keep charts very simple and do same repeatative stuff again and again. More you keep your chart clean, better you can read price and take action.
If you wish to learn price action from me, kindly reach out.
Thanks
Short! Bajaj Finserv with AB=CD
1. On Drawing AB=CD Pattern on Recent High and Low.
2. Reversal Level D Point with 1.27 Fibonacci Retracement form at 4390.
3. Sell Below 4505 Target:4465 , 4400 Stop Loss 4545.
Financial Analysis.
Bajaj Finserv look attractive now.
1. P/E is the Third Highest in industry.
2. EV/EBITA is the Third Lowest in The Industry.
3. May Give better return after Lockdown.
4. Pre Covid Trading Price around 9K
5. Best Time for the long term investor.
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Sell Below 4300The price is moving within a range. If the price breaks 4300 with good volume, we will sell it for a target of 4000.
Bajaj Finserv Ltd. - Daily - BearishBajaj Finserv Ltd.
The Stock is consolidating in a symmetrical triangle pattern in the daily chart.
It is likely to see short term breakdown below swing low of 4375.
Technical parameters suggest weakness in the stock. Keep a watch!!
Long BajajFinsv for decent RR (Positional)Bajaj Finsv is looking good as stock has already formed the bottom and ready for reversals. Traders may go long on this stock for positional purpose only for suitable risk to reward. All the levels are placed in the chart. Keep your strict SL and trialing SL at your end as per risk appetite of his/her own.
Short Bajaj Finserv @4540 with an SL of 4796Short Bajaj Finserv @4540 with an SL of 4796 first target 4220
BAJAJFISV CHARTMinor support at 4565
Range bound zone - ( 4829.30- 4612.90)
overall
- bullish volume pressure
- near oversold zone (RSI)
- Oversold (STOCH)
Bajajfinsv is moving in a RANGEIt is moving in a rage of 5142-4320 as it is a selling season the opportunity was at 5142 although it is on one of its support in the range for intra day there is a buying opportunity if it sustains the given level although i think it will come down to 4526 before going up but for swing traders it is a great sell opportunity
suggest me more stocks that i should look into
BAJAJ FINSERV READY TO SHARP FALLAS seen in chart BAJAJ FINSERV face strong resistance in range 5150 - 5180. bajaj finserv gap up open today but further move downwards and breach yesterday low. So we can short BAJAJFINSEV @ 4720 with sl 5050 for TGTs 4534/4260/4180.
Wave Analysis BAJAJFINSERV 2HR TF,
We are still in the corrective phase, but there's an Buying opportunity is seen @ the CMP, with the invalidation level of 4720.
Long View, with the Target Price of 4910.35 to 5087.45 odd levels. NSE:BAJAJFINSV
BAJAJFINSVTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
Bearish BajajFinsv #HarmonicTrading Harmonics In ActionBearish BajajFinSv #HarmonicTrading Harmonics In Action
