BAJAJ FINSERV LTD - LARGECAP STOCK FOR LONG TERMCan Enter at 1515
if again falls then you need to average at 1210 level
Target - 2030,2400
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Bajajfinserve
Breaking Out Major Resistance NSE:BAJAJFINSV is Breaking Out Major Levels on the Weekly Chart, It is fundamentally a good stock and with Hopes of RBI cutting rates this month stock will perform well ahead.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Trendline Breakout in years
⭕ Swing Trading opportunity ! Weekly Chart Alert !!!⭕
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Technical Reasons to trade or Strategy applied :-
Bajaj Finserv Ltd
Good Breakout of Trendline in years
100 EMA is also supporting
Strong Price Action
Breakouts:- Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Support Zone :-A zone of support provides high probability areas where a reversal or continuation of the trend may occur.
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BAJAJFINSV - Symmetrical Triangle Breakout🔊 BAJAJFINSV- Symmetrical Triangle Breakout
BAJAJFINSV- BAJAJ FINSERV LTD.
⌛Duration - Short Term (4 month to 8 month)
📊📈 Trade Logic - Symmetrical Triangle Breakout
CMP - 1783
Time Frame - Weekly
🎯Target 1 : 1950
🎯Target 2 : 2200
🎯Target 3 : 2475
🎯Target 4 : 2750
🛑 Stop : 1500
🏆 Risk/Reward Ratio (1: 3.3)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
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.
BAJAJ FINSERV - Bullish Swing Reversal with VolumesNSE: BAJAJFINSV is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 16% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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BAJAJFINSV - Investing/Positional Trade opportunityThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. Price has been in narrow range for past few weeks before breakout from that narrow range with increased volume
Price has tried multiple times to break the trendline (multiple testing makes a resistance/support weaker)
On breakout of ATH level, it can turn into a multi-year breakout as well
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Intraday trade in Bajaj Finserv 05/03/24.
Bajaj finserv has tested the upper resistance levels and there are chance of it giving a break out.
An intraday bullish trade can be captured in the stock.
If there is a gap up opening and price is around 1625-30, with a strict stop loss around 1615-20 an entry can be made.
Target levels :- 1647, 1660.
If the Cup and handle formation pattern follows up, Stop loss can be trailed with atleast 1675 as final targets.
Wait for the price to sustain above the resistance zone. Watch the movement in the indices to correlate.
Price action must be watched around the levels and trade accordingly.
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.
IS BAJAJ FINSERV FORMING A W PATTERN?Bajaj Finserv form double bottom and if it hold the support zone of 1560 to 1550, we expect to see 1650 and then rally towards 1720 levels. Will get confirmation for W above 1665 only.
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InvestPro India
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.
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BAJAJFINSV | Fall expectedI'm not holding BAJAJFINSV, if anybody's holding they may exit their position
Disclaimer: This analysis is solely for educational purposes and does not make me 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
Trendline BreakoutA broken trendline is a technical signal that can suggest a change in trend is at hand.
If low volume (rather than high volume) accompanies the break of a trendline, the signal is not as strong or convincing.
It can make sense to wait a day or two to make sure that the trendline break is legitimate.
Once a position is opened, risk management—in the form of stop-loss orders or trailing stops—can help protect profits after a trendline break.
Script = Bajaj Finserv
Time Frame - 1 Day
Trendline supportChart -> Bajaj Finserv Weekly
Taking support from the same support trendline 4th time with a bullish hammer pattern.
CMP: 1400
Targets: 1630 and 1830
SL: 1250 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.