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Bajajfinancebuy

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
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
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
BAJFINANCE can fall or consolidate hereNot holding this stock. Posting this idea to try and predict stock movement Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:BAJFINANCEShort
by Munish_Jain
Bajaj Finance Short Term TargetsThe FASP for Bajaj Finance is listed for 22-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: Up to 6 Months How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BAJFINANCELong
by SathishChandrasekaran
Bajaj finance in triangle formation.Bajaj finance has been trading in the in triangle formation. On a daily time frame analysis, there is a bearish moving average divergence. The stock has been taking support on its 20 ema on hourly time frame. The markets are volatile. So, wait for the price action and a break out of the triangle. Support :- 5753, 5655 Resistance :- 5900, 6000, 6120 Wait and watch for the price action for the confirmation. Stock can retest it 20 ema on daily time frame. The trade can be a swing and intraday trade.
NSE:BAJFINANCE
by Mambotrade
Bajaj Finance - Short Term Buy Hi, This is a daily chart. The chart looks promising, probably the last push from the BajajFinance. Can buy above 7263.50, with a SL of 7096 and target of 8000. The RR is around 1:4. Currently, the Daily MACD is giving a very good buy signal and above todays high it will be a confirmed buy. Also weekly Macd is also giving a buy...so double bonus. RSI is also above 50, so above todays high it can go to higher levels easily. Seems momentum is there. Disc : Educational Purpose only. Neo
NSE:BAJFINANCELong
by neostockmatrix
BAJAJ Finance Ltd. Chart Analysis !!📈 BAJAJ Finance Ltd. 📉 This Stock Broke out from a Resistance zone of 7200-7300 after testing two times this range on upside with a strong green candle. Yesterday Also tried but all sold off as you can see in chart. Bias - Long Target - 7852 to 7933 SL - 7008 RR- 1:1 All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:BAJFINANCELong
by ShelendrAgrawal