It was observed that BajFinance Forming Falling wedge Pattern, Can look for shorting opportunity in BajFinance For 1780 Initial Target
BAJFINANCE has been respecting the neckline for a while, moving inside a triangle. A break from the triangle wud give a clear direction.
NSE:BAJFINANCE has generated a sell signal on daily charts but 1780 is acting a tough support from yesterday on hourly charts and 1810 a tough resistance. For further downside it needs to close below 1880 on hourly basis else chances are it can bounce back. Downside targets can be 1700 and below.
i am strongly bullish on the stock with both short and long term
Trend Neutral Buy or Sell will be active only above or below the mentioned Levels. Follow Chart and Levels
Bajajfinance long based on bullish bat
Looking at the price action, every time the support trendline has tested, the price has bounced at an average above 600 Points. Taking this into view, recently the trendline has been tested and the bounce has been sharp. With a stoploss below 1650 it a good buy till 1700 for target 2300 approx. RSI action has been shown in the chart. Just My Personal View.
BAJFINANCE has been moving in a falling wedge, just to make a big move up yesterday, completing the BAT, and right on the edge of the wedge/ Awaiting a breakout or reversal.Its still a valid revrsal as long as it dosent cross -X
BAJAJ FINANACE is moving up in a wedge/triangle. taking resistance from top sup/resistance level
A move below 1830 might test support trendline. Weakness: 1. SMA(50) crossed below SMA(200) 2. MACD(12,26,9) looking weak. Weakness will be confirmed if it crosses below Zero. 3. ROC(5) crossed below Zero. 4. RVI(10) crossed below 50. Worry: 1. Volume is also low meaning consolidation is in progress. Conclusion: Watch volume. This CHART is for Educational purpose only.
After a long run, coming out of consolidation. Explained in chart
BAJAJ FINANCE is moving in an up channel for over a month now. Ranging in the yellow zone on this leg, and testing the edge of channel Creating smaller range and small bodied candles,indicating a breakout soon (in any direction). or it can continue to move between the range created. before breaking out of dashed pink lines Also respecing the Gann Fan Levels
Decide as per your need. For daytrader buy above 1915 Sl-1880. Target- 1935 1955 1975.
BAJFINANCE is moving in an up channel for a while. on the recent leg up, its flattening a bit, in a range.(and it can continue moving in a same small range even outside the channel, before it makes a move) right now on the edge of channel for a possible breakdown./ reversal
Again a up move or some correction will see. Buy above 1810 with a stop loss of 1790 Target - 1830 1845. Sell below 1780 with a stop loss of 1810 Target- 1755 1735 1705
I am looking this stock have gone nasty and cranky , the stock is weak and not having large momentum , they are just making it like going up the formation of rising flag means , Institutional are winding up their stocks I will be looking to sell once stock brakes and close below the flag also its very tricky so i will be depending on Momentum indicator to take...