Bajaj Finance Cmp 6014 dated 3-2-2023
1. Trend Reversal seen on chart after the
correction of almost 25 %.
2. RSI BO
Buy above 6030 for target 6130-6205-6335-6490 SL 5850
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for...
I daily make educational content videos.
This video is based on my Investment approach and Idea on Bajaj Finance based on Price action levels and strategies.
I don't provide any call/tip or advice, always consult a professional financial advisor
be ready to buy this blue chip when it reaches the red dot level....approx.5525....
red dot is the confluence of S1 PP, blue channel base, white PF median, yellow PF warning line, AVWAP and 88.6% fib.level
this stock is only for short side if it breaks the 5785 level with good candle then you can enter by putting stoploss on a logical place and for targets please use pivot points . 5700 is a round figure so you can book profits there .
follow risk management
do your own analysis
important note: event hai kal so you can ignore this trade also
Following Points are to be noted in BAJAJ FINANCE Chart
1. Near the Major support
2. Bullish Engulfing candle at the Support on Weekly TF
3. Overall Trend is positive with good Fundamentals
4. Good R:R Ratio
In the Weekly chart of BAJFINANCE,
We can see that, it has taken an up move from crucial level i.e. 5700.
Expecting an upward Trend from here by building Price Action.
Go long for this if you are investing.
bajfinance 6050 above sustain 15 minutes candle then buy
whenever 9:15 15 minutes candles sustain + trendline Rejection go for shorts But small Target okh
bullish view my side
Only focus Round levels )
Bajfinance break a good support zone. If it breaks previous day low then Baffinance may fall till 5400
Positional Trade :-BAJFINANCE sell below 5845 to 5835
Target 5800, 5760,5700,5600,5540,5400
After selling, you cannot keep a stock overnight. so, one can take this trade in option.
e.g. Buy 1 lot 5700 PE feb expiry - ₹ 117.65
Sell 1 lot 5500PE - ₹...
Bajaj Finance Ltd. operates as a non-banking financial company. It offers consumer finance, SME finance, commercial lending, and investment services. The company was founded on March 25, 1987 and is headquartered in Pune, India.