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...
📊 DETAILS
Sector: Finance - Investment
Mkt Cap: 267,266 cr
Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life...
Bajaj finserve #weekly trendline breakout
good volume building up
closed above 20 week ema
#target 1870
keep ur sl as per ur risk appetite
EDUCATIONAL IDEA
NSE: 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...
The 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...
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...
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.
Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on Tradingview.
Happy Trading!
InvestPro India
📊 Details
Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings...
BankNifty Analysis - Stance Neutral ➡️
The powerlifting was done by BankNifty today. The Bajaj Finserv and Finance were on fire today and were propelling FinNifty to a higher variance than BankNifty earlier in the day. However, the close ensured the variance was less than 0.2%
4mts chart link
Honestly, we did not see this coming. The setup was perfect for a...
BAJAJFINSV -- On raise
From a long-term investment point of view - RSI is rising on Weekly and Monthly.
Also stock is trading above most of the moving averages on D/W/M time frames.
As we can see on the Weekly time frame - forming a triangle pattern and waiting for 1741 level to take out and sustain before entry.
We can back to Back for two weeks - 1741 is...
#BajajFinserv CMP 1653 continuously forming Higher lows after touching 1072 in June 22.
Now forming an ascending triangle and facing resistance in the range of 1650-1670 once it crosses this resistance it will touch 1800 and will face a good resistance there.
Namaste!
1. Bajajfinsv looks good for a positional/swing trade.
2. Entry price and Stop Loss is marked on the chart.
3. This trading idea is only valid till next 4 trading sessions. If entry doesn't execute till then, it will be cancelled.
4. Target can either be booked at 3 times reward, or can be trailed at a low break of high breaking green candle.
And be...
