Perfect candidate for ShortStock is moving in range bound. Stock increases 3.87% in the last trading session. Spike in volume.
BAJAJFINSV trade ideas
BAJAJFINSV - Weekly AnalysisIn the Weekly Chart of BAJAJFINSV ,
we can see that, it has become bullish.
Let it retest the trendline.
Expected momentum is shown in chart.
Long on Bajaj Finserv LimitedBUY BAJAJFINSV
Entry - 1670.50
Target - 1786 to 1869
Stoploss - 1588
Last trading session has tremendous Volume and stock has closed higher side compare to last 2 weeks trading session.
Risk to Reward Ratio - 1:1.5
possible weekly breakout of large elephantcan give weekly breakout if breaks the trendline resistence
Bajaj Finserv Ltd: 60% upmove possible-Bluest of the bluechips with a breakout in the offing
-60% upmove possible (post breakout)
-highest ever sales and PAT
-NNPA 0.37%
-diverse segments from retail finance to insurance
-public shareholding ⬇️in the last few quarters
BAJAJFINSERVE TRENDLINE WCB BREAKOUTBajaj finserve #weekly trendline breakout
good volume building up
closed above 20 week ema
#target 1870
keep ur sl as per ur risk appetite
EDUCATIONAL IDEA
Bullish reversal on weekly chart in bajaj finsvOn weekly chart, the following is
observed :-
1. MACD reversal seen just from the centre line which is sign of reversal.
2. RSI seen bullish at 52 on weekly chart.
3. Stock moved after a long time, positive momentum with short covering in Mar series.
4. 1640 hurdel crossed with great bullish candle.
So, one can make positions in 1640 CE Apr series available at 44 or 1680 CE @ 36. Upcoming target for the stock will be 1700 and 1740 in Apr series.
BAJAJ FINSERV - Bullish Swing Reversal with VolumesNSE: BAJAJFINSV is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 16% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BAJAJFINSV - Investing/Positional Trade opportunityThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. Price has been in narrow range for past few weeks before breakout from that narrow range with increased volume
Price has tried multiple times to break the trendline (multiple testing makes a resistance/support weaker)
On breakout of ATH level, it can turn into a multi-year breakout as well
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Bajaj Finserve - How to trade.
Please refer to my earlier idea on the stock where I mentioned the stock to be bought only when it retraces back from 1540 level. And it has already done now. Best time to enter but have patience and follow the notes mentioned on the chart.
Time candles to watch
3-21-24 10:40 AM
3-21-24 3:06 PM
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Bajaj Finserve: Still bearish - watch level of 1540
Do not trade in the opening of the market. Let the price rebound from 2540 and come above 36 SMA atleast then only buy.
Disclaimer: I am not a SEBi Registered analyst and it is only for educational purposes. I will not be responsible for any of your profits/losses.
BajajFinsv - Option selling 1650CELiquidity grab + M pattern + breakdown. Chances for downtrend is high.
BAJAJFINSV 1:6 RR Trade set up1. Set up: Reversal from support levels
2. Cup & Handle target yet to reach
3. RR : 1:6
4. Trend: sideways to bullish
Good shape very good shape ..so watch out
diagonal breakout and target for all time high............................................
Intraday trade in Bajaj Finserv 05/03/24.
Bajaj finserv has tested the upper resistance levels and there are chance of it giving a break out.
An intraday bullish trade can be captured in the stock.
If there is a gap up opening and price is around 1625-30, with a strict stop loss around 1615-20 an entry can be made.
Target levels :- 1647, 1660.
If the Cup and handle formation pattern follows up, Stop loss can be trailed with atleast 1675 as final targets.
Wait for the price to sustain above the resistance zone. Watch the movement in the indices to correlate.
Price action must be watched around the levels and trade accordingly.
Bajaj Finserv Triangle patternTriangle pattern with low volumes on weekly chart.
Keep a watch.
Breakout level 1740
BAJAJFINSV - Symmetrical Triangle Pattern NSE:BAJAJFINSV Look like a symmetrical triangle pattern zoon; it will break the resistance, make a new All-Time High, and add to your watchlist.
daily gatemonthly :- Triangle patern with Rsi 60 resistance so look to bullish above 1745 level for strong up side move that will also break monthly triangle------- weekly :-gate formation in process with 200 EMA touch twice---so look to enter on 200 EMA test 3rd time---------- daily :- gate formation before monthly triangle break with daily RSI divergen and 40 support ..daily entery confirm after 1665 break out with target of monthly triangle 2890 ----------fundametal:- improving sell and profit quarter on quarter and year on year with highest ever sell and profit so far in latest quarter
IS BAJAJ FINSERV FORMING A W PATTERN?Bajaj Finserv form double bottom and if it hold the support zone of 1560 to 1550, we expect to see 1650 and then rally towards 1720 levels. Will get confirmation for W above 1665 only.
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InvestPro India
BAJAJFINSV - Weekly AnalysisIn the Weekly Chart of BAJAJFINSV ,
we can see that, even after the breakdown, the selling is not strong.
It has made a Halt candle, Enter on breaking its high with low as SL.
