BAJAJFINSV trade ideas
BajFinserv - Pull back PossibilityIf stock takes support @ 9320-9300 levels can go long with SL @ 9275 and Tgt of 9480-9500.
Bajaj Finserv.. repeats itself?Bajaj Finserv looks like it is exhausted at the top and looks a repeat of the similar setup..
also on the the rising wedge is narrowing..
This is perfect time to short this stock BAJAJFINSV?
No to write, because everything done in advaced.
Bajaj Finserv.. wedge moveBajaj Finserv is forming a rising move and is close to hitting 1.618 extension.
look for the move to pause around that area and see a correction..
Bajaj Finserv is a sell on riseWhen we get two daily closing below support line then it may fall to 9000-8950.
BAJAJFINSVForming Evening stars & also at trendline resistance.
Two evening stars at trendline resistance makes a potent signal to short.
DOUBLE TOP PATTERN IN BAJAJ FINSERVThere is double top formation in bajaj finserv alongwith evening star candle pattern on daily chart. On breach of the trendline, it can be shorted with a target of around 8820 which is the central pivot of this month and 8600-8800 will also act as a demand zone for the stock. CMP is 9270 and daily ATR of the stock is around 190 points.
Observation of two time-Frames for BAJAJ FIN is downward trend.By looking at daily chart shows a lot more clear vision of next moment for investors activities. The price is trading between value high to control price 1 .
Scenario 1:
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
Scenario 2:
Lagging or late fall then price can move up for little and then price fall will be starting late.
1month candlestick.
BAJAJFINSV has formed a solid tight up-channel. The considering long term trend, the current is going down. Though as per the time cycle, the downtrend is too far from now to start, the price is already reached at a value high and started to fall. The Previous resistance was is at 8585.
BAJAJ FIN SV MAY FALL TO 8899 LEVELS SOONER...BAJAJ FIN SV MAY FALL TO 8899 LEVELS SOONER...
ENTRYLEVELS: 9250-9300.......
STOPLOSS: 9325 ON 1D CLOSING BASIS....
