#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

#Banknifty in strong uptrend
#SBI Hour trend in uptrend.
Using dips to buy in the direction of trend rewarding experience.

Lesson from "Trend Indicator, MACD"

For traders & Investors, it suggests inherent bias:
+ve when up & above trigger & every fall gets bought into.
-ve when down & below trigger & every rise gets sold into.

Keep in mind always, your success rate would continue to climb higher🙏

Macd is the simplest & most reliable indicators available. Macd uses Moving Averages & turn them into momentum indicator by subtracting longer MA from shorter MA. The subtracted value when plotted forms a line that oscillates above & below zero, without any upper/ lower limits.

Using shorter Moving Average (5 & 10) will produce a quicker, more responsive indicator (fast macd), while using longer MA (12 & 26) will produce a slower indicator (Slow macd), less prone to whipsaws.

Macd measures the difference between two Exponential Moving Averages (EMAs).

A +ve Macd indicates that 5 or 12-day Ema is trading above 10 or 26-day Ema. A -ve Macd indicates that 5 or 12-day Ema is trading below 10 or 26-day Ema. If Macd is -ve & declining, then -ve gap between faster MA & slower MA is expanding & Downward momentum is accelerating..

Investors: with huge portfolio use week macd to spot -ve div. to "Part Book" once & during Bearish Cross over 2nd "Part book" & last one at Bearish centreline crossover. Start buying in parts when +ve div. start & add more with Bullish cross over & Bullish centreline crossover

Traders: Use in combo with basic EW knowledge to make entry & exits. When you combine studies of diff. time frames such as Week, Day & Hour, you have potentially a system which will follow prices to good accuracy.
No foolproof system but only more efficient one in relative term.

#BAJAJFINANCE (D)
- Breakout Soon candidate
- Volume building up for upmove
- Strong closing above 50DMA
- Buy above 7275
- Stoploss 7050
- Targets 7400/7600/7800/8050+
- TF ≈ 1-2 months
#Investing

#BajFinance WeekTF

#BajajFinance #Ratio chart retest to MA + making inv H&S many #PNF many pending tgt once ratio chart #Breakout very big #outperformance #relativestrength #investing #AhmedabadNest #nishshkumar

#BAJAJFIN #bajfinance #BajajFinserv
#BajajFinance has given breakout from flag pattern