BAJAJFINSV trade ideas
Bajaj Finserv..hitting the ceiling??Bajaj Finserv seems to have hit the long term trendline on the upside.
something to watch for for those who are invested in it..
and seems to be a loooooooongest term divergence mode ;)
BAJAJ FIN is downward trend expected by channel.By looking at the daily chart shows a lot more clear vision of the next moment for investors' activities. The price is trading between value high to control price 1. I am thinking here profit booking and price can stay in condition if fall is not started but hard to move upside from here.
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
We are thinking first target 9500 nearby is easy and then 9300-9200 possible. Taking a short position is not wrong now.
Buying in 9500 strikes put option in step is not bad,
buy @ 95 and another buy @70 for
targets 132-189
cup and handle on weekly chart - BAJAJFINSVa clean cup and handle pattern on weekly chart for bajajfinsv
Its going to re-test the neck line on chart soon .
after touching the neck line while re-testing its difficult to tell if its going to bounce or drop from there as doesnt have a very clear volume during breakout
suggestions - welcome - how do you read this chart ?
Thanks
Dont Try to Short BAJAJFINSV9660 is a support for Bajaj Finv.
Buy only as a intraday trade, if it will sustain above 9700.
BajFinserv - Pull back PossibilityIf stock takes support @ 9320-9300 levels can go long with SL @ 9275 and Tgt of 9480-9500.
Bajaj Finserv.. repeats itself?Bajaj Finserv looks like it is exhausted at the top and looks a repeat of the similar setup..
also on the the rising wedge is narrowing..
This is perfect time to short this stock BAJAJFINSV?
No to write, because everything done in advaced.
Bajaj Finserv.. wedge moveBajaj Finserv is forming a rising move and is close to hitting 1.618 extension.
look for the move to pause around that area and see a correction..
Bajaj Finserv is a sell on riseWhen we get two daily closing below support line then it may fall to 9000-8950.
BAJAJFINSVForming Evening stars & also at trendline resistance.
Two evening stars at trendline resistance makes a potent signal to short.
DOUBLE TOP PATTERN IN BAJAJ FINSERVThere is double top formation in bajaj finserv alongwith evening star candle pattern on daily chart. On breach of the trendline, it can be shorted with a target of around 8820 which is the central pivot of this month and 8600-8800 will also act as a demand zone for the stock. CMP is 9270 and daily ATR of the stock is around 190 points.
