#Bajfinance
Interesting week t/f #Elliottwave Above 8000, big upside
Day t/f -ve div; No sell yet till below 7545 DCB
Follow last rise retrace @ 7028 (50%) in coming days
No.1 stock in NBFC - a test case following in coming days

Application on what is learnt today fm @vivbajaj

Why does a stock not go up or sustain gains despite "Day" Trend indicator (Macd) displays +ve div & moves higher ?
Why does another stock with similar Macd set up go up & sustain it's gain & even makes ATH
What is being missed here?
How to choose a stock that will sustain gains ?

Oftentimes, in our rush to study many stocks, we miss the most important & "elementary" factor.

A simple one, "IF" not taken seriously, we end up with a stock that promises but does not deliver and miss the one that has the potential.

Know this & you'll be on the winning side🙂

Why ?
Always give weightage to "higher t/f".
Here, when you look at a Day chart, check to see what the week says.
#Hdfc week says, it's weak, trending down & below the trigger.
So does, #nifty50
When week Macd is down & below trigger, Day Macd being up will have not much impact.

How ?
When you give weightage to "higher t/f" & then look at Day chart, you align with higher force
#Tataconsum week says, it's strong, trending up & above the trigger
So does, #Tatasteel
When week Macd is up & above trigger, Day Macd being up will align with higher divine forces

Give weightage to "higher t/f" & then look at Day chart, aligning with higher force
When week Macd is up & above trigger, Day Macd being up will align with higher force
Following list(out of 50 being followed) shows strong, trending up, Neutral & Weak, trending down
Choose wisely

@chartmojo #Asianpaint
Price & Time correction seems concluded and a fresh upmove has commenced.
Holding 2990, a LRHR trade possible here.

Till you see a "Bullish pin bar" or "Bullish engulfing" pattern in Hour t/f
OR
prices close above 21 Sma
OR
close above Super trend (10,2),

remain with -ve bias.
However, do book profits partly or lock it with TSL

#BAJFINANCE-7694

A a perspective

(LTP only)

#Probability

Current move on weekly chart.

#BAJFINANCE - Bajaj Finance intrady day view - TradingView -

Bajfinance :
Breaking out on short-term charts !!!

#bajfinance
#nifty
#banknifty
#EquityDynamo

#BajajFINANCE #BajajFinance resumed its down-move today, the stock had earlier seen RSI turning down from 50 region
If the stock is able to turn below 5650 (today's low) & eventually below 5480, it can fall much more
#stock #stocks #Nifty
Not trading call, academic post