Bajaj finance
Cup and handle pattern
SL is on 5820
Entry is at 5690
Target is at 5260
technical analysis and is for educational purposes.
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Disclaimer
I am not sebi registered analyst My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as...
There is a double top pattern formed on the day chart. There is also a resistance candle followed by a confirmation candle on the same chart. On the 15 mins chart, it broke two day low. SL can be placed at 6408. This is a swing trading idea
bajaj finance is in a downtrend from longtime
but the first time it has crossed a lower high and didn't make the lower bottom
it has bounced from the trendline...trendline is less reliable but I would take sl as closing below it on a daily basis
target 6497 and 6695
risk 7% reward 10%
not favorable from risk reward point of view but sometimes as trader we take...
Bajaj Finance came out of the trading range of last few months, now looks like coming back to the channel range. If it closed in red today, then it can be a good candidate for shorting.
NSE:BAJFINANCE was on downtrend for the last four months. Which got arrested after pulling back up to Fibonacci level (.786).
After consolidating there for some session started up movement and gave a clear break out above falling channel. The breakout is convincing as last 10 days volume is above 50 days average volume and also candles are wide this is a very...
This was the analysis of Bajaj Finance Ltd.
As per elliott wave we will resume to the
Major trend which is bullish in BajFinanace.
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All levels have been marked on the chart.
This analysis is for educational purpose only.
BAJFINANCE is also stuck in a zone of a strong support and resistance. Even if the trend might turn upwards after breaking the swing high, we should only create long positions when the price retraces towards the breakout point or consolidates ABOVE the swing high.
We can also look for a short trade upon a breakdown from the swing low. The moving average is 50 SMA...
NSE:BAJFINANCE
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
