Get started

Bajajfinance

BAJFINANCE Support and Resistance Hello Everyone 👋 Pivot Points: Classic Pivot Points: Resistance 1 (R1): ₹6,650.37 Resistance 2 (R2): ₹6,684.38 Resistance 3 (R3): ₹6,712.77 Pivot Point: ₹6,621.98 Support 1 (S1): ₹6,587.97 Support 2 (S2): ₹6,559.58 Support 3 (S3): ₹6,525.57 Fibonacci Pivot Points: R1: ₹6,645.82 R2: ₹6,660.55 R3: ₹6,684.38 Pivot Point: ₹6,621.98 S1: ₹6,598.15 S2: ₹6,583.42 S3: ₹6,559.58 Camarilla Pivot Points: R1: ₹6,622.07 R2: ₹6,627.79 R3: ₹6,633.51 Pivot Point: ₹6,621.98 S1: ₹6,610.63 S2: ₹6,604.91 S3: ₹6,599.19 Relative Strength Index (RSI): The RSI (14-day period) helps identify overbought or oversold conditions in the stock. Interpretation: RSI below 25: Oversold RSI between 25 and 45: Bearish RSI between 45 and 55: Neutral RSI between 55 and 75: Bullish RSI above 75: Overbought
NSE:BAJFINANCELong
by SkyTradingZone
Bajaj Finance - An AnalysisThe stock has been traveling into a rising wedge pattern for the last 2 years. Presently near the lower edge of the wedge. Reversed from the support on a red trendline many times. If reversed from here, may go into a bullish phase. If breaks the red line support ( around 6500) may come to the lower edge of the rising wedge pattern (around 6200). Analyze according to your own setups. Act wisely and patiently. The Above illustration is only my own view, only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:BAJFINANCE
by anandlive
BAJAJ FINACE Weekly Update 15/JUN/24Hello Traders. BAJAJ FINACE i trade it because of its long & wide moves in a direction. As we have identified a pattern thats semitrical triangle pattern near ATH levels. The current scenario is That Bajaj Finance has taken support on Trend line & short term Chart pattern as Double Bottom. Range Shift Occurs on RSI as it crossed above 50 levels indicates the Stock has Entered on Bullish Territory. Watch out on 8000 levels on Daily Chart for Breakout moves. HAPPY TRADING
NSE:BAJFINANCELong
by Princetechnicals
Bajajfinance Weekly Update 07/JUN/24Bajaj Finance is the Very intresting stock seems to me. Big range of candles & volatility creates a best trading opportunities for me. As BAJAJ FINANCE is making a LH & LL formation in weekly charts. Time Based correction is happening in Higher the Timerfames. A Great reversal pattern Identified on weekly basis. INVERSE HEAD & SHOULDER. I have not printed on chart because i want all my beginner friend to Identify the pattern on Chart. MONTHLY RSI < 60. Weekly RSI < 60. Not planning to take a Directional Trade.
NSE:BAJFINANCE
by Princetechnicals
26 Apr 2024– Nifty50 throws up the extra it consumed yesterdayNifty Analysis - Stance Neutral ️➡️ Recap from yesterday: "The 321pts intraday rally has ensured N50 gets a stance upgrade to Bullish with the next target being the ATH. If it takes out the ATH, then we can safely remove the double top pattern." Nifty had a great feast on Thursday that it had to throw up a bit today fearing indigestion, there is no other way to explain how we lost 230pts intraday today. Not just that, we fell below 22519 which prompted me to reverse the bullish stance back to neutral. Sometimes the fundamentals makes no sense at all, how could you explain the move on Tech Mahindra & Bajaj Finance after their quarterly results? It really has a bearing on the Nifty index, just check how NiftyIT moved today. On the higher time frame, Nifty looks strong above 22295 - but we need reinforcements coming to protect that support. Getting 4 red candles out of 6 is not going to help. For Monday, we will go short if 22295 is taken out and will go long if 22519 is taken out. Algo trades ended with a loss of Rs570, it turned out to be a blessing as the MTM swing low was minus Rs22500.
NSE:NIFTY
by viswaram
BAJAJ FINANCE- Consistent Compounder getting ready for comeback?SYMBOL - BAJFINANCE Bajaj Finance is one among India's the biggest NBFCs. This stock has been a consistent compounder. This stock is currently trading in a support zone of 6500 level. This area is a major support zone for Bajaj Finance. This is a good time to invest in it as long term investment. This stock is a blue chip compounder stock. It has made & It will make a lot of wealth to long term investors in long run. There is also a trading opportunity. As this stock is in a good support zone, I have made a long position in far month futures today around CMP 6555. I will add more longs if getting 6500-6450 levels. My stoploss would be below 6400 & targets would be 6880-7200 & 7420. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment/trading position. You can track it for educational purposes. Thanks!
NSE:BAJFINANCELong
by akshit_official
11
Bajaj Twins looks good bet for FY 2024-25.Bajaj Twin are waiting for a move while other stocks of the group has given good returns in last few months. Both the finance sector companies are trading a break out zone. Banks and other NBFC's has performed and created new highs. Bajaj Finance A bullish engulfing candle on the monthly charts is showing some trend reversal in the stock and has gained over 10% this month. Price action traders can seen the bullishness in the stock and it is trading in a consolidation zone creating a bullish break out pattern. There are chances of it consolidating around 7600-7800 levels and break out the higher 8200 levels creating a new ATH. Volume profile ,since April '24, is also showing much of the activity happening around the trading price which signifies less selling volume on the higher levels on monthly charts. Investment and positional stock holding in these stocks seems good for this FY. Target price as per Fib Ext. are 8700-9250. Bajaj Finserv Its ATH high is 1932.50 and the stock is trading around 1644 levels. Multi-month consolidation break out can be seen in the stock. If the stock starts to sustain above 1850-60, there are high chance of it giving 30-40% returns in coming FY. The major resistance around 1860 is there and a break out is there just below the levels around 1700. A position on the triangle break can be initiated with 25% of the investment capital and add on to the position on the horizontal zone break out. Volume profile of Bajaj Twins are matching and are at the trading price. More bullish confluences help in carrying the trade and it is doing it. The target price of 2100-2250 can be predicted as per the Fibonacci extention tool. Entry should be made only after watching a price action or a break out with good volumes while closing over the levels on weekly or monthly charts. Chart patterns and trading them are different thing. Price will be traded and chart pattern will help built the confidence.
NSE:BAJFINANCE
by Mambotrade
Bajaj FinanceThe stock price has been coming down in one month from 7800 to 6600. This time consolidating at lower levels, and support also can be seen on the charts. If bounces back from these levels, may go in an uptrend. Projected targets are indicated on the charts. If closes below 6520 for two days, may go weak according to this setup. The risk-reward ratio is good in this setup. This illustration is my view, only for learning and sharing purposes, not trading advice in any form. Please conduct your analysis before taking any trade. All the best.
Editors' picks
NSE:BAJFINANCE
by anandlive
6
H&S on higher time frame in Bajaj Finance.The stock is trading around the neckline of the pattern and on the daily charts it has closed below the zone. The weekly charts are also showing some negativity and there are chances it may move below as there is a head and shoulder pattern on the higher charts. Entry can be created in the stock once the weekly low is breached and a daily candle close below it. Bajaj Finance is trading below the weekly 20 ema and pattern formation is there. There are 2 scenarios in the stock. First, it can retest the zone of 50-61.8% fibonacci and give a break down. Or after a consolidation it starts moving below the neckline. Targets and stop losses will be created once the entry 1 or 2 is confirmed. Entry one can be created once there is a bearish price action in the fib zone. Targets :- 6875, 6520, 5900 Stop Loss :- 7360 In case of the second entry first target will act as a break down level with stop loss of 6910. Position should be created with a setup confirmation and let the stock movement decide which side to move. Wait for the price action and entry level to be triggered. Positional and swing trades in deravatives can be created.
NSE:BAJFINANCE
by Mambotrade
Short-term trend for Bajaj Finance Ltd 29.01.2024 - Feb 2024The short-term trend for Bajaj Finance Ltd. (BAJAJ-FIN) on the TradingView chart appears downward with lower highs and lower lows. Here's a breakdown: Volume: Relatively low volume, implying the recent downtrend might lack strong conviction. Price Action: Broke below the recent swing low around ₹7150, confirming bearish momentum. Struggling to hold above the ₹7035 support level, suggesting further downside potential. Therefore: Short-term traders could potentially look for shorting opportunities near resistance levels like ₹7150 or ₹7200, with stop-losses placed above the recent swing high around ₹7230. A bounce at the ₹7035 support level could offer entry points for long positions if confirmed by bullish signals like higher volume or reversal candlestick patterns. Target levels would be 6890 and 6600 if 7035 breakdown happens Remember: This is just a short-term analysis based on the current chart. Always conduct your own research and consider various factors before making trading decisions.
NSE:BAJFINANCEShort
by nersusmedia
1
30 Jan ’24 — Nifty Gets a Downgrade after yesterday's upgradeNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “We are changing our stance from neutral to bullish as we had all 6 green candles today. Ideally, the stance change should come only after the 21913 resistance breach — but we are taking a bit of risk here. The pattern played out to be a W (double bottom). We would now look for bullish opportunities and the first target would be 21913. The global macros are not looking good with the war in the Middle East, news from Taiwan, and news from N Korea. Hope our markets will give a strong clue in case the situations escalate.” 4mts chart It is too early to say if the move today was due to the News impact that said “The US would give a fitting reply to the actions of Iran”. For us, it looked like a technical cool-off. We made the mistake of upgrading Nifty from neutral to bullish yesterday despite getting all 6 green candles. Today, we lost in a similar fashion 5 out of 6 63mts candles in RED. Most importantly we are back at the support level of 21491 where Nifty paused. Interestingly BankNifty did not fall that much, and neither did the NiftyIT - the pain was mostly for RELIANCE, Bajaj Finance, Titan, and ITC. 63mts chart We are back at square 1, the same support/resistance level of 21491 which we hit on 15th Dec 2023. In the last 1.5 months - we have gone nowhere. Seems like the Foreign Institutional Investors and DIIs took us for a roller coaster ride - and most of the retail traders are throwing up after the ride. After the meltdown today, we are changing the stance from bullish to neutral. Gap-down open is the best way to take out the support. If we break the next target to watch out for will be 21292 followed by 21199.
NSE:NIFTY
by viswaram
18th Dec ’23 - Our market takes a pause - Nifty50 PostMortemNifty Analysis Recap from yesterday: “My stance continues to be bullish with the first support level revised to 21341. All we can do now is trail the stop loss and let the winners run. 4mts chart link - click here Nifty was absolutely trading in a narrow range with minor dips. More action was visible on BankNifty today which nudged me to go for a status change (will discuss this shortly). Nifty opened gap-down - the excess euphoria of Friday got shaved off and then it recovered from the LOD. Interestingly the low of the day was in the opening minutes and we never tested it. Technically 21341 was not tested and no status change is warranted. 63mts chart link - click here There was nothing special in today’s action. Nifty defended its lower side quite neatly. NiftyIT was toggling between red and green. BankNifty was in RED. Nifty Pharma was quite energetic today, but the major point gainers for Nifty were RELIANCE and Bajaj Finance. I do not wish to change Nifty’s stance - I still prefer to look for long-only trades. However, 21341 would be the laxman rekha for me tomorrow also. If we get a closing below that - I would love to go neutral. To go bearish - we need to break below the upper boundary of the ascending channel.
NSE:NIFTYLong
by viswaram