Inverted Cup And HandleAnalysis on 15 Dec.
Inverted Cup and Handle Bearish Pattern
Target 1 and Target 2 Achieved
BAJFINANCE trade ideas
SHORT BAJAJ FINANCE BELOW 7180Bajaj Finance looks weak if sustain below 7180 for marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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.
Bajaj Finance - Dec 16, 2021 - pattern analysisBajaj Finance has shown following patterns:
13 Dec - Bearish engulfing pattern.
15 Dec - Three black crows . Back to back bearish candles with a gapdown open on 15 Dec.
16 Dec - Forming a small green candle, forming a Harami pattern.
Price is also below support of 7050.
What do you think? What will be the followup?
ACCUMULATE BAJAJ FINANCEBuying zone spotted in Bajaj finance. after downgrade rating by Jeffries stock showed a 10% correction. In today's volatile market stock is still holding in green, buying zone is spotted in the chart with good volumes, time to accumulate in 6900-7000 range with a stop loss of 6800 for an upside target of 7250-7350.
Bajaj finance can give a break downLevels and patterns mentioned in chart. Follow strict risk management.
Volume profile to identify smart money zoneHighest volume bars on volume profile shows smart money movements, Sell off senn again when price reached the supply zone
BAJFINANCE-Triangle PatternNSE:BAJFINANCE
The chart shows the Triangular pattern and the candle seems to take support from the Trendline. Else if the Trendline breaks, There are chances of Further Bearish Movement.
CHART IS DIFFERENT FROM WHAT U ARE SEEINGNot being able to see the obvious is our common mistake.I am seeing this correction only an opportunity(investor/trader should wait for its completion.Smart traders can make some money on the downside also).Not likely to stretch than the path shown. After that - It has more legs to go up & up & up.... DISCLAIMER:This is my personal view not a trading recommendation.
BAJFINANCE-SELLING IN INTRADAY(15/12/2021). 1hr,30min,15min price breaks down side trend line
. so sell below 7034
. and also sell below 7200 level ,any bearish pattern
.for targets you can use pivot levels
. only for learning purpose....
[POSITIONAL] BAJFINANCE LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Bajaj Finance - Risky SetupDetails are mentioned on the chart. If doesn't sustain over breakout area, may fall to the indicated levels.
Only for learning and sharing purposes, not a trading recommendation.
All the best.
Bajaji FinancePosition trade
Bajaji Finance
Above 7366,7450
Target zone ,7635,7755,7930,8068
Stop loss 7200
Don't miss that
BajajfinanceBajaj finance is up trendis continuing buy at dip strong stock ever
Good really turs for long term investment
Bajfinance near trend line....Bajfinance near trend line....
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today's high is almost near the trend line....
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hope it breaks tomorrow gap up and sustain above the trend line....
Bajaj Finance (Hourly) - Inverted Head & Shoulders Chart PatternBajaj Finance (Hourly) - Inverted Head & Shoulders
Current market price - 7360
Target - 7813.20 (depth of the head)
Price has done breakout of the inverted head & shoulders chart pattern neckline
Bollinger band is challenged on the upper end
RSI is above 60
ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI)
All indicators / oscillators on the daily tide look good too
In fact, on the daily timeframe, the price has entered the 5th wave
it may fall I m not 100% sureyou can short if the price crosses the red line or may go down after touching the third yellow line. Reply me whats your analysis says because i am not sure on my analysis.
