BAJAJHLDNG
BAJAJHLDNG | Swing Trade📊 DETAILS
Sector: Finance - NBFC
Mkt Cap: 91,739 cr
Bajaj Holdings & Investment Ltd. operates as an Investment Company and is registered as a Non-Banking Financial Institution – Investment and Credit Company with the Reserve Bank of India. The Co. holds more than 30% stake in both Bajaj Auto Ltd. and Bajaj Finserv Ltd.
TTM PE : 16.56 (High PE)
Sector PE : 31.53
Beta : 0.46
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
2.70% away from 52 week high
Outperformer - Bajaj Holdings & Investment up by 5.66% v/s NIFTY 50 up by 2.33% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
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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BAJAJHLDNG | Investment Pick📊 Details
Bajaj Holdings & Investment Ltd. operates as an Investment Company and is registered as a Non-Banking Financial Institution – Investment and Credit Company with the Reserve Bank of India. The Co. holds more than 30% stake in both Bajaj Auto Ltd. and Bajaj Finserv Ltd.
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
Ascending Triangle breakoutChart -> Bajaj Holdings Weekly
Ascending Triangle breakout on the chart.
CMP: 7535
Good Range To Buy: 7000 to 7500
Targets: 8500, 9200
SL: 6730 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.
CUP AND HANDLE PATTERN IN BAJAJHLDNGCup and handle pattern has finished its formation in BAJAJHLDNG. Price is almost at the neckline, after break out it can give a potential move of up to 21%.
It is worth noting that the stock has given a rally of about 12% without a single red candle in the daily chart.
Kindly plan your trade with caution and as per your own wisdom.
Thanks and Regards!
BAJAJ HOLDING : BREAK OUT ON WEEKLY CHARTBajaj Holding and Investment , India Based Investment and Holding Company which focus on income from dividends, interest and gains through investment held. The stock is in uptrend on daily and weekly time frame and currently was in retracement move. The move seems to be over now as the stock is stuck in a range and forming a PENNANT PATTERN. We may see breakout any time. Break out may lead to a new 52 weeks High. The Fundamentals of Company are strong with a Market Cap of Rs, 67,345 Cr and YOY stock yield of 15.76 %.
Analysis on Weekly Chart :
The technical indicators at current level are as under :
CMP : 6094.90
MA20 : 6038.13
MA50 : 6027.74
MA200 : 5975.53
RSI : 62.97 crossing over
MACD (12,26) : 14.020
ADX (14) : 33.12 ( Directional Strength - In range )
ATR (14) : 44.65 ( Highly Volatile )
Volume is Far below from the mean value, no buyers seen yet, however the stock is waiting for them resulting into break out. The stock regain its upward trend from 4541.30 and as per Elliot wave theory , we may see the third wave in this breakout.
Be prepared for the breakout in a or two days and hold for target 3 or a new 52 week High.
BAJAJHLDNGBAJAJHLDNG:- Rounding bottom pattern is formed wait for the breakout till then keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bajaj Holdings Good to Track NSE:BAJAJHLDNG
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on basis of our research.
YR 2022 Idea #89: Long on BAJAJHLDNGThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Bajaj Holdings breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after a consolidation since December 2021, NSE:BAJAJHLDNG has given a breakout today, volume is also very high (4 times the average volume on daily charts). By with a stop below rupees 5300.
Other fundamentals:
1. The Co. has investments in group Co. like Bajaj Auto, Bajaj Finserv, Bajaj Auto Holdings, Maharashtra Scooters, Bajaj Electricals, Mukand Ltd., Hercules Hoists, Mukand Engineers, etc. with a market value of ~Rs.99,000 Cr as of the end of FY21.
2. The Co. has investments in fixed income securities like debentures & bonds, Government securities, Mutual funds and CDs with a market value of ~Rs.3,800 Crs. The Co had a return of 8.3% with a portfolio yield of 6.5% with an average maturity of 4.3 years.
3. The objective of the Co’s investment portfolio is to balance risk with adequate return. Its policy allocation towards equities is capped at 60%. It invests mainly in listed equities but also invests selectively in unlisted equities and alternate investment funds.
4. Dividend yield of 2.69% (consistent dividend payer since 2010).
5. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 1243(greater than 3 is good), FCF to CFO at 99.9%.
BajajHoldings Consolidating with falling top and Flat BottomBajajHoldings Consolidating with falling top resistance trendline and Flat Bottom support zone, Now Trading at Sweet Notch Spot, and also taking support on 200 MA in hourly charts.. giving low risk high reward bid.. Levels provided in charts..
Bajaj Holding (Better be Long Side)I am looking for Buy setup on Bajaj Holding Above 3543 with Stoploss of 3516, Target:1- 3584, Target-2: 3620.
Short term Positional trade.
This is analysis for my own trading and to help other to make their view. Take Paper trade with me and see the result in 1-2 months of trading then start taking small trades with me and don't forget to like my study.
#M&M #M&MFIN #MAHINDRA #STOCK #FINANCE #CREDIT #LOAN #INVEST #IT#M&MFIN
NSE:M_MFIN
CMP: 154.50
Target to be 208 real quick.
Might hold for higher returns.
Factors :
Earnings & EPS positive
Dividends Payout high
50% Fibonacci retracement
Spike coming soon.
Peers:
NSE: BAJFINANCE
NSE: BAJAJFINSV
NSE: MUTHOOTHFIN
NSE: SRTRANSFIN
NSE: BAJAJHLDNG
NSE: MANAPPURAM
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With 💚 from Rachit Sethia
BAJAJHLDNG a clear buy and ready to blastBAJAJHLDNG trading above all major Moving average in Daily as well as Weekly Time frame.
1st it gave Breakout above 3000 level and now consolidating in a short range. Also trading above 61.8% fib level which is good bullish sign.
Buy rage - Above Purple TrendLine with the daily closing basis SL of 3000.
As per my weekly chart analysis my 1st target - 3940, 2nd target - 4800, final target - 5400.