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BAJFINANCE trade ideas

Lower Lows and Higher HighsLower Lows and Higher Highs One aspect of technical analysis trading that can be especially confusing for newcomers is the dual notion that it is a better idea to trade with the trend (not against it), while at the same time “buying low and selling high.” Of course, anyone with a proper understanding of these two trading practices can tell you that these two concepts are fundamentally at odds with one another: If you are trading in an uptrend you have - by definition - already missed the lows and therefore cannot buy into them. The reverse would be true for traders looking to sell downtrends. So, it would seem that there is no way to do both, and that traders must find one strategy that works best for their temperament, abilities, and time availability. But is that entirely true? Is there no way to find a happy medium and play off of some of the strengths of both of these time-tested market maxims?
NSE:BAJFINANCE
by sumangalroofings
1
Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]NSE:BAJFINANCE Observations: 1) On 1 day time frame, it is just below the 21DMA which is placed at 6988.11 level 200DMA is placed at 6465.15 level which is major support. If it trades above 21DMA then there will be chances of up move. But if it faces resistance then it will be down fall again. So we can see that 6990-7000 will be major range. It will work as resistance if it trades below is and it will work as support if it trades above it. Please refer below chart : 1 day Time Frame. 2) Also On 15 min time frame, we can see it finally trades and close above the range of 6875-6962 level range. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date: 03-01-2022 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.
NSE:BAJFINANCE
by Trading_hawk
4
Bajaj Finance Neo wave countswe might be ending wave D of neutral triangle in bajaj finance as it seems like wave d took form of a regular flat and target of 100% extention of sub-wave A for sub-wave C is coming at 6457.We also have channel support near those levels along with wave B price action zone starting at 6477 and price touching 6477 level would ful-fill wave D criteria of Neutral triangle. I am not including momentum indicator as it wud be oversold only.Although shown trendline is not B-D trendline but can be considered as significant trend line as we had 4 touch points and going ahead we can see it providing rasistance for wave E bounce. As of now if we get reversal candle followed by a close above reversal candle's high then we can go long for wave E bounce with the reversal candle low as our stop-loss and expect 5-6% of move on the upside unfolding in the form of wave E. Analysis provided here doesnt state that one should go long straight away rather one should wait for price action to confirm end of wave D. I will update this idea once we get trade setup for long trade. Disclamer:This are just my views and i am publishing this for my future reference.
NSE:BAJFINANCE
by UNDERDOG-29
5
Bajaj Finance Neo wave countPost covid we are seeing Bajaj Finance going up forming double correction WXY on primary degree.Currently we are done with wave W(Zigzag correction) followed by wave X(A expanded flat) and right now we are in the making of neutral triangle pattern of which wave A,B,C are done wave D is going on which can take prices to 6350 levels,post which we can see bounce in the form wave E which would be last leg of second correction wave Y on primary degree.This second correction has taken a form of neutral triangle in which wave C is longest wave and wave D enter's wave B's territory there by making head & shoulder top pattern. Long trades should be closed and one can even go short at cmp of 6807 with a closing stop-loss of 7050(today's high)on closing basis for a target of 6350 on the down side. PS:If we get bounce from 6350 levels and considering wave E not registering new high (as per neutral triangle pattern rule),we would be making inverse cup and handle pattern,neckline level for which would be wave E low(most probably 6350) giving us ultimate target of 4646. Disclaimer:This are just my views no positions should be build or exited on it's basis,i am posting this analysis just for my future reference.
NSE:BAJFINANCEShort
by UNDERDOG-29
30