BAJAJFINSV trade ideas
BAJAJ FINSERV KEY LEVELS SUPPORT AND RESISTANCE 08/06/2020Key Levels for BAJAJ FINSERV : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~5317
FIRST TARGET~5358
INTERIM RESISTANCE~5425
FINAL RESISTANCE~5473
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LOWER BREAKOUT~5224
FIRST TARGET~5190
INTERIM SUPPORT~5141
FINAL SUPPORT~5092
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Range Bound or BreakoutMonthly :
1-Made Good support Near 4000
2- As well As clear Resistance visible is Monthly high 5529
3- Last 3 Month Open and close are almost same
That means in Monthly move there is not clear direction in Monthly View
4 -All Monthly indicators are not in buying side
5- Stock Is moving between 100 Month and 50 Months Moving Average.
Weekly-
* Last week stock has made Pin Bar in weekly basis with increasing volume
* In addition of that stock made 5529 swing high but close almost 400 rs/- below the high.
* RSI and MACD in upward curve from Oversold area.
Weekly view : stock may move between 4500 to 5500
Daily :
* Stock is in clear cut range between 4000-5175 from last 45 Days
* Bounce from downward range and break the upper range and made 5529 High.
* Hence stock is close between the range
* Rsi and MACD is not much increasing
* But Positive side is not close deeply below the support which were previously Resistance 5175
* In average point of view stock is taking resistance of 50 DEMA 5264
* But stock may take support near 4805 and 4736 which are 10 DEMA and 20 DEMa Respectivly
* Bolinger Bend is expansion mode Upper band is 5242
Plan A - If stock close consecutively 5175 then buy with stoploss of closing 5000 and target First 5529 and if continue then more then 1500 rs/- Possible.
Plan B - As I said stock made reversal from lower range so first support is mid the range 4500 and second 4000 , Buy near 4500 stoploss 4400.
Plan C - If whole Market will remain range bound then play the range 4500-5000-5500
For Delivery : Buy Stock in every 300 Rs/- Deep there is quite good support Near 4000 and it well below 20% from here.
Wise Advice : good stock to be buy if there is confirmed downside below 20% and Upside is expected 10000 that means 100% +
BAJAJFINSRV, One Way non stop 370 points (Trade Analysis)BAJAJFINSV was my pick today (along with MCX) for long and it was alerted at 9:58AM to go long above 4862. It was trading at 4842 when it was notified.
It took around 1hour to trigger but it was worth the wait as 2 BAJAJ brother were on fire today.
It sailed seemingly from 4862 to 5238 (374 points). Although it is not possible to predict exact top for a stock so even if anyone got 100-200 points, that is excellent trade.
MCX was also given for long at above 1305 at 10:32 AM which was triggered half an hour later and gave explosive move to 1340 in just 10 mins. Most of us booked easy 20-25 points.
All these trades are possible because of simple price action rules which anyone can learn and if practiced, you can earn as well. All these trades can be verified.
Retailers lose money in stock market because everyone want to earn quick money without any knowledge and they keep seeking "Golden strategies" which is nothing but waste of money & time. Only people earning are strategy selling.
Price action is trading process and it does not need any indicator and works well. All that is required to master this skill is knowledge of some simple rules and willingness to practice.
Anyone who wishes to learn this life long skill can reach out or drop private message. Please note I am not strategy seller nor call provider but want to have good traders working on price action and generating calls for themselves.
Request your support as always by your like/comment.
Thanks
Piyush Gupta
Bajaj Finserv Go Long As shown in charts,
Bajaj Finserv formed a weekly hammer pattern, confirmed with previous red candle.
The pattern is confirmed as per 33% body formed and balance Wick.
Now the best way to trade this opportunity is if the current week candle crosses 4440, which is the hammer candle high confirms the pattern
Probable Target is 4740, i.e immediate resistance
Bajaj Finserv - End of 5 wave move suggests pullback started!Bajaj Finserv completed 5 wave downmove from 9950 to 3985. Momentum indicator RSI shows strong positive divergence. Price has reversed sharply indicating start of a bounce back. A move back to its 38.2% retracement is likely.
BUY: Bajaj Finserv Ltd at CMP of 4392.55, T: 4814, Sl: 3985.3Bajaj Finserv Ltd - Hourly Chart - buy signal
Buy at 4392.55, Sl: 3985.3, T: 4814.7, Conservative Target (5%): 4620
BAJAJFINSERV, forming Wedge pattern,Buy on breakoutthe price is forming wedge shaped pattern,after breakout and retest of the pattern,we can look for BUY opportunity..
Bajajfinsv approaching towards its Monthly SupportBajajfinsv is moving towards its strong support zone at 4022.75 on a monthly chart. One shouldn't take any decision till the time stock trades between 5531.30 & 4022 as we might see stock trading into this zone in a zigzag manner for a long time. All the price mentioned is on a closing price basis on a Monthly chart. Swing traders can take a long side once it hits the support line & then RSI 15 crosses over 40 again on a monthly chart.
NSE:BAJAJFINSV
How to Trade a Descending Triangle Pattern ?A Descending Triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
The stock is in a clear descending triangle pattern and gave a false breakout around 4300 levels & got rejected around 4100-4200 level which acts as a support zone.
We can short only below that level.
Our Target will be the height of the triangle which is of 1180 points.
Our Stop loss will be the horizontal trend line as if the stock goes above it the trade will be inactive.
Stay Safe & Trade Safely.
BAJAJ FINSERV LTD Setup1st target would be the median line
2nd target would be at the lower parallel.
Stoploss @4515
380 points captured in BAJAJFINSV & JUBLFOOD (Trade Analysis)It was most profitable day for any intraday trader.
BAJAJFINSV was given for short below 4330 at 11:29 well before breakout (it was trading around 4345). Reason for short is highlighted in chart.
T1 was notified as 4301 (psychological support) with T2 as 4285 (highlighted in chart) and below that it was notified as free fall.
Soon enough it breached T1/T2 and then fell like crazy to make low of 4087 (350 points), although as taught, we never take greed and booked satisfying 200+ points.
JUBFLODD was given to long above 1601 at 11:08AM and it took some time and it sailed smoothly to 1638 ( 37 points). Although my T2 was not met but T1 for JUBLFOOD was 1628 which it reached in no time.
Logic for JUBLFOOD was TL breakout and small ascending triangle formation.
Other than this we had 5+% profits in PFC & BANDHANBANK which were given last evening & both were easy trades.
Provided NIFTY support view at 10:44AM and NIFTY reversed exactly from same level. See charts below
NIFTY EOD chart (never crossed levle provided)
All in all we had pretty decent day and everyone earned good profits.
My philosophy of price action is to keep charts very simple and do same repeatative stuff again and again. More you keep your chart clean, better you can read price and take action.
If you wish to learn price action from me, kindly reach out.
Thanks
Short! Bajaj Finserv with AB=CD
1. On Drawing AB=CD Pattern on Recent High and Low.
2. Reversal Level D Point with 1.27 Fibonacci Retracement form at 4390.
3. Sell Below 4505 Target:4465 , 4400 Stop Loss 4545.
Financial Analysis.
Bajaj Finserv look attractive now.
1. P/E is the Third Highest in industry.
2. EV/EBITA is the Third Lowest in The Industry.
3. May Give better return after Lockdown.
4. Pre Covid Trading Price around 9K
5. Best Time for the long term investor.
IF YOU LOVE MY STUDY PLEASE LIKE THIS STUDY. IF YOU WANT MORE STUDY LIKE THIS FROM MYSIDE PLEASE FOLLOW MY PROFILE
Sell Below 4300The price is moving within a range. If the price breaks 4300 with good volume, we will sell it for a target of 4000.
Bajaj Finserv Ltd. - Daily - BearishBajaj Finserv Ltd.
The Stock is consolidating in a symmetrical triangle pattern in the daily chart.
It is likely to see short term breakdown below swing low of 4375.
Technical parameters suggest weakness in the stock. Keep a watch!!
Long BajajFinsv for decent RR (Positional)Bajaj Finsv is looking good as stock has already formed the bottom and ready for reversals. Traders may go long on this stock for positional purpose only for suitable risk to reward. All the levels are placed in the chart. Keep your strict SL and trialing SL at your end as per risk appetite of his/her own.
