Hammer Candlestick Pattern on support zone in Bajaj FinanceHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a short term swing Trading Idea in Bajaj finance. Stock have formed hammer candlestick pattern on perfect support zone, Bajaj finance stock is trading inside the triangle pattern and chances are very high that we can see this towards upper resistance of triangle pattern which i plotted on chart above. Overall i feel stock should rise from here and no double over the period if we can see most awaited breakout in Bajaj Finance.
Technically stock is looking good for swing trade, and also if anybody wants to think for long term can take entry as chances are high that this time after spending some time we will see finally breakout in it. Please follow strictly stop loss which i mention above on chart, it will save you if something goes against to our analysis.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Financestock
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 FINANCE LTD SYMMETRICAL TRIANGLE BREAKOUTAfter long consolidation India's finance giant Bajaj Finance which is available at very cheap valuation at historical lows
It is now ready to breakout symmetrical triangle pattern for a target price of 10000 and 12000.
HDFCLIFE, Ascending Triangle PatternThe price has formed an ascending triangle pattern.
The breakout of the triangular pattern will open the higher levels 600.
Resistance - 590
Support - 560
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
AB Capital- Undervalued finstockABCapital which is the finance company of Aditya birla group is available at an amazing valuation.
Stock has given a flag breakout last week with volumes and on road to complete its rounding bottom pattern.
If the stock breaks out from pattern, we can see an amazing rally of around 50% in the stock.
If Nifty Bank crosses 48000 next week, this stock should move quickly till 200.
MuthootFin Priceaction BullishMuthoot On a Higher Timeframe making significant
Higher High and Higher Low
Stock rejected from Previous High and came down for retracement.
Stock Retested the Previous Breakout level and currently forming a
Strong #PriceAction.
So the Stock shd move from Higher Low to Previous Swing High then New ATH.
Fake BreakoutBajaj finance were forming Ascending Triangle and Gave a Breakout once but didn't sustain our the resistance level and breakout turn into fake breakout and now again price trending in a range...
Get full analysed video on our youtub chnnel very soon @influitive capital
mayhem in finnifty - third elliot wave ?We are heading towards 3rd wave of Elliot as per my analysis i have shared chart of banknifty in recent time. in which I am predicating a big down move of around 1500-2000 pt. we can also see weakness in bank nifty trend.
Years of ConsolidationThere were years of consolidated stock finally gave a huge breakout.... But yes, we should need to wait for retest somewhere around 200 Rs....
Would you mind to invest? Comment yes or no below.....
Triangle breakout in this finstockFivestar Business finance has been consolidating in a symmetrical triangle pattern from its listing in late 2022.
The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly.
The immediate support for the stock is its previous swing low of around 525.
550-555 is a best buy level for a good risk reward with targets of 595, 620++.
Note:- Idea is shared for educational purposes and should not be taken as a recommendation.
INDIABULLS HOUSING FINANCEIndiabulls housing finance is buy on dips until it is trading above 100 levels , a higher low in the structure indicating bullishness , can buy on any dips towards 110 levels with SL at 90 for big targets in long term
MANAPPURAM FINANCE - 87% RETURNS!!!BUY - MANAPPURAM FINANCE
CMP - Rs. 130
Target - 1: Rs. 157
Target - 2: Rs. 209
Target - 3: Rs. 264
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Technicals -
1) Cup and Handle Pattern BO
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Fundamentals -
Manappuram Finance Limited is a retail credit product and financial services provider in India, primarily through its gold loan business.
1) According to the company's financial snapshot, the Price to Earnings Ratio and EV to EBITDA ratios indicate that the company is undervalued.
2) The Debt-to-Equity ratio has decreased, and the book value has increased. The company has seen a steady increase in total assets for the last three years, along with a good return on equity and a good net margin.
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This is just a view, please trade at your own risk.
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Nifty Fin service AnalysisFalling Wedge pattern detect.
Missed opportunity in Finance sector.
I will buy once crossed & sustain above15808.
Manappuram Finance Buy Upside is 45%. Fundamentally strong stock, at its prime support level/ trendline. Good time to enter
Can finance home Daily Analysis Shorting levels 705-720 TargeCan finance home Daily Analysis
Shorting levels 705-720
Targets 674- 645- 600-560-520-500+
SBI Card Trend Diminishing Triangle Pattern in SBI Card, Watch for break-out after this consolidation phase.
Mahindra & Mahindra Finance - Good to short ?Stock is constantly making LHs since June and has given HnS BD on DTF
Volumes have been constantly below Daily avg. volumes from last 2 weeks
Safe to short below 140
Intraday target - 136
Swing targets - 130, 124, 118
P.S. Wait for candle close
BAJAJ FINANCE - ATH BO | Friday TradeStock has been able to break previous ATH on 2nd attempt.
Stock needs to break upper TL for more upside
It can come to test BO zone before moving up - will be good for swing in that case.
Good above 6430 only.
M&M Fin looks good on the long side M&M Fin looks good on both Daily and Weekly chart. Good upside above 164.
19/11/2020 Research Report For ManappuramBuy @ CMP CURRENT MARKET PRICE
First Sell Target @ 175
Final Sell Target @ 177
