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Bajajfinancetechnicalanalysis

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*
NSE:BAJFINANCE
by PIYUSHCHAVDA
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
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
A bearish move in Bajaj Finserv (analysis for 20/10/22)Bajaj Finserv has been trading in a range and forming rising wedge pattern on the daily time frame. The stock has been taking support from 20 DMA and has closed just near the level. A morning star pattern is there on the daily time frame. Stock has closed between both the moving averages on the hourly time frame. An entry can be made in the down side, as rising wedge is a downtrend pattern. Target :- 1670, 1628 Stop loss :- 20 DMA (daily close above it) Enter the trade once the stock break downs the pattern. Swing and intraday trades can be initiated, if the daily candle close below the level. Watch for the quarterly earning of the stock.
NSE:BAJAJFINSVShort
by Mambotrade
2
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
#Bajajfinance Harmonic SupportNSE:BAJFINANCE 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:BAJFINANCELong
by linesandlevels
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
Simple Trade Setup | BAJAJ FINANCE | 25-03-2022 [INTRADAY]NSE:BAJFINANCE Observations: 1) On 1day time frame, we can see a resistance channel. Please refer below chart : 1day Time Frame. 2) On 15min time frame, we can see both resistance and support channel. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 25-03-2022 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.
NSE:BAJFINANCE
by Trading_hawk