Trading Strategy Going ahead - I will look to sell below 760 recent low- because that is the safest as we already had 200+ points in this stock in the last month & a hatrick. Risky Traders can sell below 830-833 once it starts moving below with recent high as stops This is how we moved in 2016 In below charts- click the charts & use load bar feature 2-2...
The arrow shows how we moved- Really excited at getting a hatrick move back to back with 200 + points. We close the sell trade & enjoy rest of the session. Also, adding 2nd hatrick for me -first one was 8.40 2024 Gsec which was in May-July2015- before joining TradingView. This is how we moved in Bajaj Finance 2-2 troubles the stock - Move from 925 to 805-...
As per previous update- bounce expected between the zone 855-870- Got the hit for 867 on 15th Dec2016. What Next? If it starts falling below low@830- then likely it will indicate that it's looking for a new low below 805. Related Analysis Attached Below About Bajaj Finance- Click the links below to get the chart & load the bars to see how it moved
That's amazing to get it correct again. I feel excited & motivated as Bajaj finance had a sharp fall from 925-930 zone as expected - look at the Niagara Fall- straight down from 925 to 805. What Next? Looking for a bounce in the zone 855-870's -if holds & starts moving below 850- shall make a new low below 805. Click the chart & load the bars to see the...
BAJAJ Finance having trouble moving higher is making Pennant Chart pattern, Pennant pattern are mostly Continuation pattern and the earlier trend here is down trend so we can expect a downtrend continuation in bajajfinace. Conservative Entry 874 SL 930 Targe 750 Good Risk reward trade.
Bajaj Finance Holder Use sl at 88O if you are in long or buy above 900 with sl 890 target 920 or if break 920 then target 940-980+++
Bajaj Finance has been trading in down trend and after retracing the crucial 50% fibo level it has been trading in upward direction, it closed today with bearish sign (shooting Star) and it may further touch the support before going in upward direction. traders may enter short in this stock with a target of 850 in near term.
Double Top to stop the month long rally in the stock in the zone 1175-1185 has started with a corrective structure & indices facing tough time & may this trouble carries for another 4-5 months where likely this irregular structure could complete. 2 on top in the range 1175-1185 & 2 in the bottom between 815-817 can trouble the stock in the coming days. Short...
One can buy the stock for a target of 990. It is coming out of oversold zone made engulfing and the earlier engulfing made on 16.11.16 clearly holding the price. It seems good entry at current with affordable stop loss.
As seen Bajaj Finance has given a Double Bottom Breakout on hourly charts a few sessions back. Also, Positive reverse divergence can be seen. Expected Levels- 910 (As per divergence), 925 (As per Double Bottom Pattern). Double Bottom Pattern is a bullish reversal pattern, made of two consecutive bottoms. It indicates that the price has reached a support level...
Bajfinance is giving short breakout below 835, below 835 it can go to 826/820 if do not break 842.50 on upside.
Once More Buy-buy Good Bye stock even best good bye stock because stock run 100 to 1300 now stock going down.... so sell from sl 990 tgt 800-700
All of the recent rally has been wiped off thanks to the FII outflows. It is just above the 50% Fibonacci retracement level. Closing stoploss 750. Target 1000. Return 22%; Risk 8%; Timeline Mar'17
Bajaj Finance is reversing from the resistance at the 50% retracement levels. Also it is moving within a downward channel and is reversing from the upward end of the channel. Logic is to go short for a target at the lower end of the channel. Target - 950 SL - 1100