SHORT BAJAJ FINANCEStock looks very weak. Do no catch falling knife
SELL BELOW 6550
STOPLOSS AT 7500
TARGET AT 5500
BAJFINANCE trade ideas
bajajfinance bullish deep crablong this stock in delivery for whooping target of 9015 and maintain stop of lower red line close basis as well as initiate long once rsi comes back above 50. So wait for rsi signal.
good luck
BajfinBajaj fin could have completed the correction and now may be starting the impulse move from here. the possible path of price moment is given on chart. always ensure capital is protected with decent stop loss.
Simple Trade Setup | BAJFINANCE | 28-01-2022 [INTRADAY]NSE:BAJFINANCE
Observations:
1) On 1 day time frame, it is taking support near from 200EMA and since last 3 days making lower lows.
Today it made doji candle. right now immediate support is at 200EMA which is placed at 6684.79 level range.
If it trades above Today's high then only it will be buy trade.
Please refer below chart : 1day Time Frame.
2) Please refer below chart : 15 min Time Frame.
-------------------------------------
Trade Setup for 28-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BAJAJ FINANCE LTD Dear Traders
1- Look at the strong demand zone, every time the stock has been respecting the same demand zone, it comes to this level and then bounces
2- There is a strong trendline which is coming from a few weeks, the high probability the stock may come to the same trendline again
3- It has made a perfect double top pattern
4- It has made a bearish engulfing pattern and that to on the resistance which itself is a bearish signal
These are a few of my strong findings which i have observed
if the low of present candle is broken we can expect a sharp fall in the script
Note:- All the study made in this chart or market is purely for educational purpose, No buy and sell suggestions from my charts
Do comment and let me know if you wish to gain more on charts and more knowledge on the same
Thanks and regards
EMA 200 reached - Key levelI am not sure about taking a long position, given the weak market outlook.
Just sharing a few stocks I am keeping a track of which have reached their trendline support and might be a good time to accumulate in piecemeal.
Bajaj Finance has reached EMA 200 from where it bounced previously as well, key level to watch out for imo
Not an Investment Advice. I am just curious to see how it plays out.
Long #Bajfinance for TGT - 8000, Swing Trade- Reason - 150 DMALong #Bajfinance for TGT - 8000, Swing Trade- Reason - 150 DMA
BAJFINANCE huge selling7100 pe up from 34 to 114.
no further selling at this stage,
please wait for pull back.
follow me to get updates.
don't forget to like this post.
please go through related ideas on nifty and bank nifty
bajaj finance long idealong this stock now as it is near 50% correction after harmonic pattern with red color was completed and maintain strict stop of 7273 as it may fall like anything below this and bullish abcd kicks in from here for target of 8850
good luck
trade at your own risk.
BAJAJ FINANCE ON A DAILY TIME FRAME BAJAJ FINANCE is within a channel. If the market respects the support zone today, we can expect the trend to go within the channel and trend can reach the nearest target ,ie -RS 8000
Long - Bajaj financeAs per daily chart price is above both 50 and 200 moving average so long term trend is bullish and in short term price went below 200 ma and close above that after taking support.
Go long with a target of 9000 with 50 ma as trailing Stop loss
Bajaj finance limited Bajaj finance has retested in neckline 7472.35. If the price moves up side,
SHORT TERM TARGETS
TARGET 1 - 7676.09
TARGET 2 - 7842.75
LONG TERM ANALYSIS
TARGET 1 - 8416.15
TARGET 2 - 8669.40
If the price fall below neckline stock price can move down up to 6885.30.
Fundamentals:
For the last ten years revenue and net profit has grown well.
Current ratio looks good.
Debt equity ratio is high.
Interest coverage ratio is low which is not a good sign.
Last six years book value has risen from 95.71 in 2014 to 613.71 in 2020.
Bajaj Finance#BajajFinance
If no New High above 8050 then the Bulls need to show power near 3100 in the next 6 months.
BAJAJ FINANCE INTRADAY ANALYSISWe can spot bearish BEARISH DIVERGENCE on 15min frame. we can go short if it breaks 200EMA and the HIGH VOLUME AREA on 15min frame and for long entry we have to see if it sustains above 200EMA.....BIG MOMEMTUM IS EXPECTED DUE TO ITS QUATERY RESULTS.
Consolidation on upper level for Bajaj FinanceBajaj Finance is going to declare its quarterly result. But before the fundamental analysis the stock is in consolidation from last week.
On breakout can it can test its new highs.
Wait for the breakout and trade with proper target and stop loss.
Long on BajFinanceBajaj finance as give a close above Month on Month resistance and can create new ATH.
Flag and pole pattern once broke on the upper side and give buy opportunity for the Target of 8000.
BAJAJ FINANCE LOOKING BEARISHBajaj Finance create Rising wedge chart pattern ( Bearish Wedge chart ). If stock breakdown the chart then only we shorting opprtunity find with volume . because continue Bajaj finance is rallied.
