bajajfinance 10k ?Hi
This stock is consolidation from a long time since 2021, forming a ascending triangle pattern which is a good sign. this stock have a good potential to go up as per fundamentals too.
We can accumulate this stock with a last swing stop loss which is around 6200
and we can same thing in bajaj finserv this stock is in uptrend during the time period of bajaj housing
you can share your views in comment.
Thanks
Bajajfinancelong
Bajaj Finance cmp 7317.15 by Weekly Chart viewBajaj Finance cmp 7317.15 by Weekly Chart view
- Support Zone at 6700 to 6800 Price Band
- Resistance Zone at 7600 to 7700 Price Band
- Falling Resistance Trendline Price Breakout done and needs to sustain for fresh upside
- Price Breakout momentum supported by the good Volumes traversing over Rising Support Trendline
- Weekly basis Support seen at 6850 > 6240 > 5620 with the Resistance seen at 7875 > ATH 8192 price levels
- Sliding Bullish Head & Shoulders done mixed with past repeat Bullish Rounding Bottoms indicative of a good breakout in the making process*
#BAJAJFINANCEANALYSIS #BAJAJFINANCE#BAJAJFINANCE is done on upside but is still think it can try for one more ATH before it goes into decent correction till it holds 6438 level. How high it can go? Once it breaks 8192 level, at least 9430 level & can also attempt 10,000 odd psychological level. At the present i have shared support & upside level . Lets have more price action to predict further levels.
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
BajajFinance | Daily chart shows break of falling channelBacked with the Q4 business updates that says company has recorded:
- highest ever increase in customer franchise in FY 2023
- new loans booked at 7.6 million vs 6.3 million (YoY)
- AUM up 29% YoY
a possible range of falling channel of 4.50 - 5.0% may be seen on charts ahead of RBI rates decision ahead this week.
negation of long view happens below 5520~
Let's see.
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.
#BajajFinance - keep an eye on itPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern , Fibo & Price action.
Note:- A Possible Harmonic Pattern has drawn, may get Invalid. Then mentioned Levels will be considered as support & resistance.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
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.
Morning star pattern in bajaj financeBajaj finance has given a bullish reversal pattern and has closed above 50% fib level.
It may test its 61.8% levels before retracement or reverse from 50% levels
Wait for a the levels to sustain above 6970.
Resistance :- 6600,6750
Support :- 6338, 6249
Simple patterns can be traded with confirmation
Simple Trade Setup | BAJAJ FINANCE | 03-01-2022 [ INTRADAY ]NSE:BAJFINANCE
Observations:
1) On 1 day time frame, it is just below the 21DMA which is placed at 6988.11 level
200DMA is placed at 6465.15 level which is major support.
If it trades above 21DMA then there will be chances of up move. But if it faces resistance then it will be down fall again.
So we can see that 6990-7000 will be major range. It will work as resistance if it trades below is and it will work as support if it trades above it.
Please refer below chart : 1 day Time Frame.
2) Also On 15 min time frame, we can see it finally trades and close above the range of 6875-6962 level range.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 03-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BAJFINANCE | WHAT NEXT ? NSE:BAJFINANCE
Please refer below daily chart for BAJFINANCE.
1) I can see 7486 level in short term, only if it maintains to stay above 6750 level then it will be sure buy trade. Then any dip above 6750 level will be buy opportunity.
2) Only one negative thing is that on daily chart RSI suggest 78.79 which is almost near to 80 and it can be consider as over bought. So I can expect profit booking and consolidation in coming days.
3) Any safe buy entry it will be better to let it get retraced/consolidated and don't have FOMO.
4) Another buy entry can be made only if it trades above today's closing and quick target can be today's high.
5) If you are looking to invest and hold for mid to long term then you can buy it with 50% of your planned capital at CMP and then another with 50% of your planned capital once it give dip above 6750 level.
Please refer below chart.
Bajaj Finance - Channel breakout 🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
BAJAJ FINANCE TARGET HIT | TRADE SETUP 28-07-2021NSE:BAJFINANCE
Today Target 1 of 6278 hit easily and even if some might have hold then one can have achieved till 6300 easily.
After that it went down and surprisingly it closes in range of our entry zone which is at 6230 level. This level was previously acting as a resistance Zone.
About Open Interest
6300 level will be deciding level as today it had addition of highest put option writing even though it is in the money. On the other side total call writing is higher than put writing . But change in OI is higher on Put side at 6300 level.
Apart from all 6400 is now having highest call writing .
Trade setup for tomorrow.
Now if tomorrow 6230 range works as Support zone then we can see easy up move towards 6300 level. No matter what it is advisable to book the profit at this level as well as partial profit at 6278 level which was our 1st target. Further if it holds and trade above 6300 level then we can see another up move and target mentioned on chart.
Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action.
Let me know if you have any doubt or suggestion.