BAJAJ FINANCE - SHORT !It has made ending diagonal at top so one can short it with small stoploss
it will be a good trade
but do it on your own risk
BAJFINANCE trade ideas
Long Term - Bajaj FinanceBuy Range 1 - 45 WMA High
Buy Range 2 - 45 WMA Low
Buy Range 3 - 15 MMA Close
Bajaj Finance - Channel breakout 🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
SHORTING OPPERTUNITY IN BAJFINANCEIf Price pushdown to the expanding structure and pushup for the 3rd touch and strong push down followed by any type of FLAG, look to Short
Ascending Triangle Breakout - Potential Upside Bajaj Finance has been a green bull ticker for the past 3-4 days and broken out of an Ascending triangle channel with good volume
Moving Averages looking up, and MACD also under check.
However RSI is at 70 and can be waited for a trading session to see if it cools down.
Stop Loss is kept tight to avoid much downside at the bottom of the 2nd last candle.
If it breaks the red line, we are looking for a potential downside to the dotted green line.
Bajaj finance breakoutBased on the below analysis seems to be upmove if nifty supports next week
Camarila R4 breakout
Moving average breakout
Channel breakout
BAJAJ FINANCE MAKING HIGHER HIGH. LOOKING STRONG FOR UPPER MOVEBajaj Finance Already In Uprend From Many Months, Now After Day Breakout Consolidated Near Sypport Area And Agin Started To Take A Up Move.
higher High Formation Done With Great Volume. Hold For New High.
TARGET SEEM 6420-6500 FOR LONG,
Once close above upper trendline then we can see a big move.
BAJFINANCE - CUP & HANDLE BREAKOUTBreakout visible in hourly chart
Good for swing / intraday upon breakout
Refer chart for levels
Intraday Trade: watch for resistance breakoutbuy above 6480
can take resistance around upper tl around 6530-6540
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
BAJAJ FINANCE LTD.NSE:BAJFINANCE
Bajaj Finance Ltd.
DATE - AUG 16, 2021.
NBFC HEAVYWEIGHT OF INDIAN STOCK MARKET.
TECHNICAL ANALYSIS.
1. Stock gives breakout of symmetrical chart pattern, and touches previous high.
2. Breakout level 6400.
3. ALLIGATOR is positive.
4. SUPERTREND is positive.
5. Avg. DELIVERED & TRADED Qty.
6. Stock traded ABOVE MA 21/50/100/200/250/300.
FUNDAMENTAL ANALYSIS.
SECTOR: Finance - NBFC
1. MARKET CAP - ₹ 3,84,921.17 Cr.
2. P/E - 97.97
3. P/B - 10.55
4. ROE - 11.77%
5. ROCE - 9.50%
6. EPS - 65.09
DISCLAIMER - All analysis are for educational purpose. it is not a trading or investment advise.
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Bajaj Finance - Long wait for break out of upper trend line... also after getting a confirmation bullish candle with small rejection the go for long..
Bajaj Finance Long IdeaBajaj Finance on hourly has a strong demand zone of 6150 area where it has closed yesterday.
It had stopped the bears badly by breaking down from that area and not giving follow through leading to a 200pt rally from that drop to around 6050.
After that 200point move the price has come back to retest 6150 with 50point stop on closing basis I think one should go long on Bajaj Finance with a target of T1- 6350 T2-6550.
Bajaj Finance at SupportBuy Bajaj Finance at 6150
SL 6060
Target 6480
Duration August Expiry.
One may also buy in future considering futures levels near the same zone.
Simple Trade Setup | BAJAJFINANCE | 16-08-2021NSE:BAJFINANCE
Observations:
1) On 1hour time frame we can see that is near the critical channel zone. From which it has make it reversal in past. But this time will it be able to make it?
Please refer Chart below: 1hour time frame.
2) On Daily Time frame, we can see that it faces resistance and closed below 21DMA on 13-08-2021 but it is still above 50DMA. If it is able to get support from 50DMA then it will be strong reversal. You can see the way it got support on 11 Aug candle from 50DMA range.
Please refer chart below: 1 Day Time frame.
3) On 15min time frame it looks like, the inverted head and shoulder pattern is being formed.
Please refer chart below: 15min time frame.
Trade Setup for Date 16-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Bajaj Finance......... bulls in control ?Bajaj Finance in a range bound trade between bullish and bearish levels.
Strategy............. Sell on rise..
Happy trading................
bajaj finance sell intradaybaj fin sell side
good opportunity in selling
if break down price will fall very badly
Simple Trade Setup | Bajaj Finance | 12-08-2021NSE:BAJFINANCE
Simple Trade Setup:
On Daily Time frame it remains below 21DMA which is placed in range of 6190 level. But today's daily candle looks pretty much reversal.
Please refer below chart.
Now on 15min time frame previous trade levels will remains the same. Levels and targets are mentioned on the chart. Hope it is easy to understand.
All the levels will work as support , resistance, entry and exit w.r.t to price action near to that level tomorrow.
Do comment you doubt or suggestion.
All the best.
BAJAJ FINANCE | SELL BELOW 6150The stock is forming a rising wedge and trading near support of 21 EMA, once the wedge is broken we may see lower marked targets in coming sessions.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
