OUTLOOK , TRADE AND INVESTMENT PLAN FOR BAJAJ FINANCE.
1. See when structure changes from impulse wave to corrective then once trader and investor favourite is now creating fear among invested people. That is what I say time to time that stock market is language of switching sentiments on spur of moment. I made a red channel whose lower band is not confirmed till yet Though I treat as a channel. Because of this structure. Right now price is taking resistance of white line. This can go to red upper zone where you will find channel upper band as resistance. 2. I showed two circles one green showing a shooting star candle with lot of pressure from channel upper band. Then you can see price drifted to down side . This candle is activated when next day closing is below shooting star. You can see white circle where an evening star pattern is made but not activated as next candle close is not above previous candle so it failed. And price moved down. The logic behind this explanation is to pull your attention towards shooting star message of down move which is still valid till price take out red zone . Price taken out and breach conditions are different my old followers know it very well . For new I attach the post so that this concept will be cleared. Since it is daily chart so lower time frame will be 4 hrs. 3. If red zone woks as resistance which i feel should work then you will see price coming to yellow support zone. If this is taken out then you will see price coming to lower band of red channel and white zone of upper end.This would be trade for this scrip in coming days. My sentiments for long will switch only when price takes out red dotted line where I showed green arrow. 4. For traders they have to follow lower time frames charts and positional traders follow 4 hrs and daily . For investors they should wait to come to yellow zone half should be invested here rest in white support zone. 5. Follow all conditions is must .This is no request one of my followers and dedicated to all traders and investors of this stock. Rest market will decide.
note. All trading and investment positions should be taken from the consultant of financial advisor . YOGESH VATS
I acquired bajaj finance share @ Rs2100/-. Advise me hw long can I keep the shares and when n what rate they can be disposed of?
sUMITmitra
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thanks for Candle Sticks knowledge, Sir
rajurmadavi1969
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I hv 168 quantities average price 2706 what should I do
yashdeep2210
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I have 150 shares average price Rs 2000 what should I do
bhaskarrao
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thank you sirji. i invested 40 shares average price is 2700. i want to average it. i will average it at yellow dotted line and white line. once again thank you. in this we got explanation about shooting star and evening star
SaiNarayanaB
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On 27th May, it made a Bullish engulfing pattern vis-avis 26th, volumes also decent, isn't it enough to go long or do we need to wait more, sir?
yvatsji
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@SaiNarayanaB, yes activated that is why i gave option to go to red zone. But it is at good resistance so can move down.
ganayalaksh
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sir, my average price is 2650 and i am holding 20 qty. What should be my strategy?
yvatsji
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@ganayalaksh, accumulate on yellow and white lover zones. To get price to 1800.
ganayalaksh
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@yvatsji, sir, as it moved up a lot, i gave 10 qty out of 20 at 2425 today. Planning to buy back it at lower price. My thought is that for time being financial stocks can be under pressure. ANd this seems quite an unusual run-up. Whats ur view sir.