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Bajajfinsvanalysis

W Pattern Breakout Setup on 15-Min Chart📊 Script: BAJAJ FINSERV LTD. (NSE) ⏱️ Timeframe: 15-Minutes 📌 Chart Pattern: W-Pattern Formation A potential bullish W-pattern is forming on the 15-minute chart of Bajaj Finserv. The price is consolidating near the neckline, indicating a possible breakout move in the upcoming sessions. Key Levels: ✅ Breakout Resistance: 2,094.80 ⚠️ Support Zone: 2,028.80 💼 Current Price: 2,063.70 If the price sustains above 2,094.80 with volume confirmation, it could trigger a short-term upward rally. The structure shows healthy consolidation and buying interest around support, which adds strength to this setup. Trade Plan (For Educational Purposes): 📈 Entry: On breakout above 2,095 with strong volume 🎯 Target: ~100–150 points above breakout 🛑 Stop Loss: Below 2,028 (on a candle close basis) Caution: Results are due so watch for possible reversal below 2028
NSE:BAJAJFINSVLong
by simpletradewithpatience
CUP & HANDLE ON THE CHART - IS BAJAJ FINSERV READY FOR LIFTOFF?Symbol - BAJAJFINSV Bajaj Finserv Ltd. is a leading Indian financial services company engaged in insurance, lending, asset management, and wealth advisory. It operates through its subsidiaries like Bajaj Finance and Bajaj Allianz, making it a major player in the sector. The company is classified as a Systemically Important Non-Deposit taking NBFC. Bajaj Finserv has recently shown a strong bullish breakout after forming a cup and handle pattern on the larger TF charts - A widely recognized bullish continuation setup. The breakout has occurred with notable volume, lending credibility to the move and signaling the potential for a sustained uptrend. The stock is currently trading just above its breakout point, and a retest of the breakout zone 1980-2000 is possible. This area now acts as a strong support and provides an attractive entry opportunity for long positions. Based on the technical pattern, the medium-term target for the move is projected at around 2450, implying an upside of nearly 22% from current levels. The pattern’s depth and the strength of the breakout support this target. For risk management, a stop loss around 1800 is suggested, just below the handle's base, providing a good risk-to-reward setup. The formation and breakout from the cup and handle pattern on a higher time frame adds strong bullish conviction to Bajaj Finserv’s chart. For investors looking to ride a medium-term trend with favorable risk-reward dynamics, this may be an opportune moment to enter or accumulate. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:BAJAJFINSVLong
by akshit_official
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