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BAJAJ FINANCE LTD

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BAJFINANCE trade ideas

BAJFINANCE - BUY Setup BAJFINANCE - 1. Major Support - 7300. Major Resistance - 8000. 2. Past Trend - Up trend. Then went into consolidation after fall from 8000. Broke 7300 an important swing low and reversed. 3. Current strength - in up as shown by up move from 7220 to 7754.5. 4. Future trend - up move to test 7750, 7900. Watch for strength of this up move for break of 8000 or continuation of consolidation. 5. Trade Setups in 3 minute time frame for intraday - a. Buy - if sustains above 7600 for above 7700, 7750. Stop 7590.
NSE:BAJFINANCELong
by NaveenGr
Simple Trade Setup | BAJFINANCE | 2nd Week Nov 2021 [ intraday ]NSE:BAJFINANCE These levels are for this week of Nov 2021. Observations: 1) On daily time frame, we can see that it took good support from 10DMA but closed below 21DMA. 10DMA is placed at 7545.32 level and 21DMA is placed at 7676.76 level. 21DMA is immediate resistance while 10DMA is immediate major support now. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date 09-11-2021: 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
My simple way of growing capital base leading to Wealth creationThis is how I grow my capital base leading to wealth creation Note: This post is meant specifically for retail traders and or investors like me who may not have or may not have and or deploy a significant part or entire capital to the stock market. So please read the post with this in mind. I am sharing my way of doing things or what I would do to better manage my available capital and progressively grow and eventually compound it. One of the better ways to manage gains and compound wealth is to invest gains made back into the markets in the shares of companies that have growth potential and or offer good dividend yield. Sometimes such companies are also known as those that belong to the Sunrise sectors. This may not be entirely applicable to those who trade for a living. For example, I have of late been investing my gains in the following: Burger King Westlife Development EI Hotels Zomato IRCTC Idea and would like to add: NTPC Powergrid BPCL REC Ltd PFC Ltd Pidilite Jubilant Food Dmart And there could be many more to the list. Some of the above are trading around good price levels so even more attractive than others. There may be several more names but my gains are not infinite at the moment and I "trade for a living" in reality so I have to first take care of my monthly outgoings and then the remainder gains are only eligible for reinvestment. This sounds very easy but it is not so as one can never say that trade may always go in the intended direction right from the word go. It is quite possible that the trade may hit my SL and then go in the intended direction and I may not be on board. These uncertainties are part of the life of a trader whereas an investor may be able to wait for the price to rebound or may have spare funds to deploy at lower levels. If you believe that you like this approach, you may follow these names or find the ones that you feel may be the future leaders! --- Another approach that I prefer to follow is to do content-based trading --- where there you need to identify a scrip in which you would like to invest. Preferably for positional or long term. Plan trades such that you can buy at least 1 share of the chosen scrip once the share price moves in your direction. This will help you track the share in a better manner and add the quantity that you are comfortable with as soon as the price starts going up. For this to be successful, the share price should ideally be between 200-500 and the daily movement or the volatility should be good enough for the prices to generate a modest to decent return in INR terms. This is meant specifically for traders/investors with low capital or low-risk appetite. I got this idea last year when going was extremely hard for many of my friends and acquaintances. Several of them asked me to help them find a job - when there were no jobs, the only thing that I could suggest was this and I taught them how with the help of technical analysis, one can attempt to make two ends meet and put food on the table for the family. I had at that time guided them to follow the above approach with very limited capital deployed. This helped many to fund the weekly needs without taking on too much stress on the head and in the heart. I was very satisfied that my thoughts and suggestions were effectively put to use by many of them and they were able to relieve their family members of worries and anxieties as well. On the auspicious day of Diwali and the New Samvat Year, I thought of sharing the above-mentioned thoughts that I and a few others have put into action. I wish you and your loved ones brighter and sparkling times ahead! 🙏🙏 Umesh 5-11-21
NSE:BAJFINANCELong
by AVENUESOFINVESTMENT