Bajaj Finance (BajFin) Could Be Your Next Winning Trade
Bajaj Finance (BajFin) Stock Analysis
Current Price: ₹7345.75
Target: ₹8500+
Entry Range: ₹7000 - ₹7200
Stop Loss: ₹6800.
Technical Overview:
Bajaj Finance has shown strong bullish momentum, currently trading around ₹7345. The stock is in a strong uptrend supported by various technical indicators:
Moving Averages: The stock has comfortably crossed above its 50-day and 200-day moving averages, which signals a positive long-term trend.
Support Levels: The price is well-supported between ₹7000 and ₹7200, a critical range for buyers looking for an optimal entry.
Resistance: Immediate resistance is around ₹8100, followed by the target of ₹8500+.
Stop Loss: A prudent stop loss is set at ₹6800, below the last significant support zone, ensuring risk management for traders.
Why Bajaj Finance?
Positive Market Sentiment: Bajaj Finance is a leader in the NBFC sector with a strong track record. It continues to benefit from positive market sentiment, driven by its consistent growth in loan disbursement and healthy financials.
Momentum: The stock has seen a steady rally in recent days, indicating that bulls are in control. The momentum could drive the price toward the ₹8500 target in the short term.
Current Price: ₹7345.75
Target: ₹8500+
Entry Range: ₹7000 - ₹7200
Stop Loss: ₹6800.
Technical Overview:
Bajaj Finance has shown strong bullish momentum, currently trading around ₹7345. The stock is in a strong uptrend supported by various technical indicators:
Moving Averages: The stock has comfortably crossed above its 50-day and 200-day moving averages, which signals a positive long-term trend.
Support Levels: The price is well-supported between ₹7000 and ₹7200, a critical range for buyers looking for an optimal entry.
Resistance: Immediate resistance is around ₹8100, followed by the target of ₹8500+.
Stop Loss: A prudent stop loss is set at ₹6800, below the last significant support zone, ensuring risk management for traders.
Why Bajaj Finance?
Positive Market Sentiment: Bajaj Finance is a leader in the NBFC sector with a strong track record. It continues to benefit from positive market sentiment, driven by its consistent growth in loan disbursement and healthy financials.
Momentum: The stock has seen a steady rally in recent days, indicating that bulls are in control. The momentum could drive the price toward the ₹8500 target in the short term.
Passionate Hustler. Lifetime learner. I dive into everything with full energy and never get bored—always exploring, always evolving. Join me on my journey as I hustle through life, learn new things, and share insights that inspire!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Passionate Hustler. Lifetime learner. I dive into everything with full energy and never get bored—always exploring, always evolving. Join me on my journey as I hustle through life, learn new things, and share insights that inspire!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.