Systematic Mechanical Trading Just reacting to the symbols as they come.
The system starts with appearance of blue dots at the bottom of the chart. These blue dots signifies the setup in making. At the same time, it tells you what trade to take if next set of conditions are fulfilled; and at what price. If those next set of conditions are met, it gives you the...
NSE:BAJAJFINSV
Only for education and information purpose. Should not be taken as a trading call
We may go short at D point.
CHART BY HARMONIC LEARNING AND EARNING
BAJAJFINSV bounced back from trendline support with a Bullish Engulfing Candlestick Pattern. Fibonacci 0.618 retracement can also be observed at the trendline support. A close above the horizontal resistance will take the stock to the supply zone at 7600.
BAJAJFINSV has closed above the weekly trend line and is expected to move upside for some trading sessions before doing some retracement, BAJAJFINSV has its's first INTERIM RESISTANCE at 7280 followed by the FINAL RESISTANCE at 7450, On the lower Band INTERIM SUPPORT is placed at 7090 and FINAL SUPPORT is placed at 6890. Follow Telegram Channel to know more....
#BajajFinserv looks bullish on 45M charts. RSI surpassed 60 mark. On daily scale it has formed bullish engulphing kind of pattern. If it trades over 7300 then it has all probability to test 7415/7600/7900. But stoploss will be nearest SPL which is 6631. Trade is not favourable for equity or futures trades. Instead create a bull call ratio spread.
-2x 29AUG2019 ...
Bearish Pennant pattern breakout with high volume. MACD gone below zero. The Length of Pole (AB) is the target. Monthly and weekly with bearish engulfing candles.
Bajaj Finserv Limited is a holding company for various financial services businesses. The Company is engaged in the business of promoting financial services, such as finance, insurance and wealth management, through its investments in subsidiaries and joint ventures. The Company is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include Insurance, Windmill, Retail financing, and Investments and others. The Company is also involved in wind-farm activities. The Company focuses on six categories: consumer lending, small and medium enterprise (SME) lending, commercial lending, rural lending, fixed deposits and value added services. It serves various customers in the financial services space by providing solutions for asset acquisition through financing, asset protection through general insurance, family protection and income protection in the form of life and health insurance, and retirement and savings solutions.
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BAJAJFINSV
