CLASSICAL POSITIVE DIVERGENCE IN BAJAJ FINANCE Bajaj finance weekly chart
Rsi positive divergence
Target- 6500 AND Stop loss- 5600
RISK REWARD 1:2
NSE:BAJFINANCE
BAJFINANCE trade ideas
BAJAJFINCE weekly chartBAJAJFINCE weekly chart with trend line and W pattern. It has bounce from its support level and now create bullish W pattern. If it break this pattern than the target for BAJAJFINCE is 6440.....
BAJAJFINANCEONE SHOULD BE LONG ON BAJAJ FINANCE
Having a seller mindset
-1x 27APR2023 6000PE - ₹ 166.5
+1x 27APR2023 5500PE - ₹ 23.8
One can also invest in this stock for a minimum target of Rs 6500
BajajFinance | Daily chart shows break of falling channelBacked with the Q4 business updates that says company has recorded:
- highest ever increase in customer franchise in FY 2023
- new loans booked at 7.6 million vs 6.3 million (YoY)
- AUM up 29% YoY
a possible range of falling channel of 4.50 - 5.0% may be seen on charts ahead of RBI rates decision ahead this week.
negation of long view happens below 5520~
Let's see.
Double bottom pattern in BAJFINANCE BAJFINANCE
Key highlights: 💡
✅On 2Hr Time Frame Stock Showing Reversal of Double bottom Pattern .
✅ It can give movement upto the Reversal target of above 5890+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 6255+
BAJAJ FINANCE POSSIBLE DOWN TRENDBajaj finance has broken long term trendline drawn right from 2008-2009 lows. It is close to its 200 WMA of around 5250. AVWAP from 2020 lows gives an objective of 4500 levels. If 4500 levels are breached, then next objective will be 2900-3000 levels which is given by AVWAP drawn from 2008-2009 lows and the same was respected during March 2020 lows. Can it get there? No one knows, but they are best levels to accumulate.
Another possibility is that it can remain sideways between 5200-8000 levels for a good amount of time.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
Bajaj Finance Cmp 5715 dated 16-3-2023 Hammer Candle @ SupportBajaj Finance Cmp 5715 dated 16-3-2023
1. Hammer Candle @ Support
2. 2 times price got reversed from this support line.
3. RSI is oversold zone
4. Super RRR
Buy above 5755 for target 5850-5950-6035-6130-6200 SL 5650
It is just a view, please trade at your own risk.
BAJFINANCE - FRACTION THEORY NSE:BAJFINANCE
1. ITS FRACTION THEORY -
2. Fraction theory Valid till SL safe. Plus not recommended to achieve all target to each n every time.
3. Major Demand Zone Break than More n more bearish side open.
4.till Major Demand Zone hold - it can change trend any time base on results/news.
5. Best part Risk ^ rewards.
bajaj fin at the edge of weekly trend line supportAs you see price on the edge of trend line if it shows reversal sign on next week candle then good swing trade possible
Bajaj Finance Swing TradeDouble Bottom Pattern is formed on daily chart while the RSI is making higher lows which is sign of RSI Bullish Divergence . We can take a swing trade here.
Entry:
We can go long after close of strong bullish candle near the support zone .
Target:
We can keep the target near the resistance zone which will be also the neckline of W pattern as marked on chart.
Stoploss:
We can keep stoploss below the double bottom support zone .
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Bajaj Finance showing strong reversalBajaj Finance once above todays high then 6600 is a possibility soon.
I like to keep it simple without adding too many indictors or strategy.
BAJAJ FINANCE IN DOUBLE ZIG ZAG CORRECTIONBajaj finance has formed a double zig zag correction pattern as per the wave analysis. It has started wave 5 in the 'C' wave which is likely to go below 5000 level.
There could be a small recovery in the tiny wave 4 before it starts tiny wave 5 on the downside which will also finish in 5 sub waves to reach below 5000 level.
This is only for educational purpose. We are not responsible for any loss or damage caused.
BAJFINANCE Very safe entry for good reward.BAJFINANCE is on good level right now it is on trendline support and if you drow Fibonacci from bottom to top you will find this between
0.386 and 0.5 so you can consider this to.
Bajaj finance Analysisbullish on Bajaj finance breakout of trendline
stoploss in at 6080
with a Risk to reward ratio of 7.68
BAJFINANCE✅ 5950-6121 is a multiple time tested zone and it break and retest and fall but took support on 1hr. TF support.
✅ Now price also break his lower high. and that will be continuation zone and also 0.5 Feb. level.
✅ Wait for price come to 6012-6073 and look for reversal for log entry on 1hr.ly time frame.
Bajaj finance looking bullishBajaj finance given break out from trendline in Daily time frame
Details drawn in chart.
This is my personal idea
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intraday H&S Pattern avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Bajaj finance looks good above this level.bajaj finance recently breakout channel pattern. It looks bullish above 6400.
RSI bearish Divergence / intradaybearish RSI Divergence
Both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
bajaj financebajaj finance on 1 hr tf looking good for short term if 6067 breaks then it can go for 6300/6425
