Get started

Techincalanalysis

Bajaj Finserv: Is a Major Move Coming?Introduction: Bajaj Finserv Limited, a leader in India’s non-banking financial services and insurance sector, has consistently captured investor interest with its diversified offerings. From technical patterns signaling an impending move to its robust financial performance and macroeconomic tailwinds, this analysis provides a 360-degree perspective on the stock. Technical Analysis: The weekly price chart of Bajaj Finserv reveals significant levels and patterns: 1. Formation: Ascending Triangle and Support Trendline • The stock is confined within an ascending triangle, respecting trendline supports. • Key support levels include ₹1,458 (close to the 200-week EMA) and ₹1,607 (50-week EMA). • Resistance lies near ₹1,800; a breakout could lead to a rally toward ₹2,000–₹2,200. 2. Moving Averages: Support Zones • 200-Week EMA (₹1,458): Indicates strong long-term support. • 50-Week EMA (₹1,607): A pivot for medium-term trends. 3. Fibonacci Retracement Levels: Based on the price move from ₹900 to ₹1,750 in 2022, a 38.2% retracement around ₹1,480 has acted as a strong demand zone. 4. Volume Patterns: Spikes in buying volume near ₹1,450–₹1,600 zones signal strong institutional support. Bullish Triggers: • Sustained breakout above ₹1,800 can lead to potential targets of ₹2,200–₹2,500. Bearish Risks: • Breach of the ₹1,458 support could take the stock toward ₹1,300, intensifying selling pressure. Fundamental Analysis: 1. Revenue and Profit Performance: • Bajaj Finserv reported total revenue growth of 18% YoY in Q2 FY2025, reaching ₹17,920 crore, driven by its lending and insurance verticals. • Consolidated net profit grew by 25%, touching ₹1,800 crore, indicating robust profitability across segments. 2. Business Segments: • Bajaj Finance: Delivered exceptional growth, aided by higher loan disbursements in retail and SME sectors. • Insurance Businesses: Recorded a growth of 30% in Gross Written Premium (GWP) YoY in both life and general insurance. 3. Key Metrics (Q2 FY2025): • EPS (Earnings Per Share): ₹50.85, growing 23% YoY. • GNPA (Gross Non-Performing Assets): Stable at 1.12%, showcasing asset quality strength. • ROE: ~16.8%, reflecting superior capital efficiency. 4. Financial Ratios Comparison: Metric Bajaj Finserv Industry Average P/E Ratio ~30x ~28x Price-to-Book (P/B) ~4.2x ~3.5x Dividend Yield ~0.24% ~0.60% Market News and Developments: 1. Positive Catalysts: • Bajaj Finserv’s proposed asset management business (AMC) is set to boost diversification. Regulatory approvals are awaited, but investor confidence remains high. • Digitalization Strategy: Over 70% of customer acquisition in FY2025 came from digital platforms, solidifying its position in fintech. • Insurance Growth Potential: Rising insurance penetration and expanding middle-class demographics in India. 2. Challenges to Watch Out For: • Global Headwinds: The possibility of slower global economic growth in 2025 could affect financial markets and investment income. • Rising Competition: Increased competition in the NBFC space might impact margins. Bullish and Bearish Scenarios: Bullish Case (Targets: ₹2,200–₹2,500): 1. Sustained breakout above ₹1,800 with strong volume confirmation. 2. Continued growth momentum in revenue and profitability, coupled with positive macroeconomic support like a potential rate cut by the RBI. Bearish Case (Risk: ₹1,300 or lower): 1. Break below ₹1,458 could intensify selling and lead the stock to revisit its June 2022 lows. 2. Unanticipated macro events, like regulatory actions or NPAs rising above expectations, could derail long-term bullish sentiment. Investment Outlook: Bajaj Finserv combines growth in lending, insurance, and soon-to-be asset management operations. From a technical standpoint, the current price level offers a pivotal moment for traders. Fundamentally, it remains one of the stronger NBFC players in the sector, backed by operational stability and a growing customer base. Disclaimer: The analysis provided is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an endorsement of any specific investment or strategy. Consult your financial advisor before making investment decisions. The author holds no responsibility for potential gains or losses incurred from your trades.
NSE:BAJAJFINSVLong
by Veersoni108
Bitcoin Analysis: Shakeout or Rally? Let's Read The Chart!The Crypto market is buzzing with speculations right now! Some believe that the recent fall in Bitcoin was nothing more than a shakeout, and a massive rally is just around the corner. Meanwhile, there’s news floating around that the federal government has sold a huge chunk of BTC and plans to sell even more. But here’s the thing: financial markets don’t run on speculations, and news usually hits the market after the action is already done. So, let’s forget the noise and get straight to the business of reading what the chart is telling us. Before we dive into the analysis, ask yourself this: What kind of trader are you? When you invested in the market, did you have a plan? Was it a short-term play (swing trade) or a long-term investment? For Long-Term Investors If you’re a long-term investor, there’s no need to worry. The trend for Bitcoin is still bullish on the daily time frame. What we’re seeing now is just a corrective move, and this is how price behaves—it moves in waves. Every dip is an opportunity. The next key buying zone for long-term investors lies between 70500 - 74000, a level that hasn’t been tested since the breakout on 6th Nov 2024. So, be patient and let the price come to you. For Short-Term Investors If you’re a short-term investor, this analysis is specifically for you. Currently, Bitcoin’s price has been moving consistently upward over the last few hours. It has even broken out of the last lower high. However, let’s not get carried away just yet. There are multiple resistance zones above, and it won’t be an easy ride for the buyers. These zones offer an opportunity for sellers who missed the chance to short from the top. The real turning point for buyers will be the 0.618 Fibonacci level. Once this level breaks and the price sustains above it, we might see buyers gaining confidence to push the price higher. Also, don’t forget to check out my detailed analysis of the Ethereum chart.
BINANCE:BTCUSD
by khanrafat20
Chola Fin co., Looking good ; min 20% Roi ; swingFor short term investment ; Leave a " Like If you agree ". 👍 . Wait for small retracement & daily candle to close above - "1260". Trade carefully untill ENTRY level. . Entry: 1260 Target: 1430-1560 sl: 1199 major stoploss/ support: 1190 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:CHOLAFINLong
by TheNuraTrading
1
PCJ - PC JEWELLER - Expecting 100% upside momentumPrice Analysis & Overview: 1. Outlook is bullish but good momentum only above 187 2. Volumes are not great! 3. Price is not showing strength as expected. 4. Price holding higher levels is a good sign. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:PCJEWELLERLong
by SuperNova396
Balkrishna Industries (BALKRISIND) Monthly Chart AnalysisThe technical setup combines Fibonacci retracements, trendlines, and moving averages to reveal key insights into future price action. The following analysis covers key support and resistance levels, bullish and bearish scenarios, and potential trade opportunities. Trend Overview : The stock is in a long-term uptrend, supported by a rising trendline that has acted as a strong base. Recent corrections indicate a healthy retracement within this uptrend. Fibonacci Retracement Levels : The Fibonacci retracement is drawn from a major swing low to swing high. Key levels: 23.6% at 3,096.30. 38.2% at 2,966.30 (currently breached). 50% at 2,785.30 (tested as support). 61.8% at 2,605.30 (a critical level for buyers). 78.6% at 2,466.30 (final support zone). Support Zones : Primary Support: 50% retracement at 2,785.30 coinciding with EMA-21 (~2,661.59). Secondary Support: 61.8% retracement at 2,605.30 aligned with a consolidation zone. The long-term trendline also intersects around these levels, adding confluence. Resistance Zones : Immediate Resistance: 23.6% retracement at 3,096.30. Strong Resistance: Previous swing high near 3,374.30. Psychological resistance at 3,500. Exponential Moving Averages (EMAs): EMA-9 at 2,850.54 is currently supporting the price. EMA-21 at 2,661.59 aligns with the 50% Fibonacci level, acting as a critical support zone. The EMAs are in a bullish crossover, indicating long-term strength despite short-term corrections. Volume Analysis : Monthly volumes are consistent, with higher volumes during bullish candles, signaling strong institutional interest. The recent pullback has seen declining volumes, suggesting a lack of aggressive selling. Bullish Scenario : If the price holds above the 50% retracement (2,785.30) and regains 3,096.30, the uptrend could resume. Breakout above 3,374.30 may lead to new all-time highs, targeting 3,826.20 as per the Fibonacci extension. Bearish Scenario : A breakdown below the 61.8% retracement (2,605.30) and the long-term trendline could invalidate the uptrend. Further downside could target the 78.6% retracement at 2,466.30 and psychological support at 2,400. Trade Plan For Bulls : Entry: Near 2,785.30 (50% retracement) with confirmation of reversal signals. Target 1: 3,096.30 (23.6% retracement). Target 2: 3,374.30 (previous high). Target 3: 3,826.20 (Fibonacci extension). Stop Loss: Below 2,605.30 (61.8% retracement). For Bears : Entry: On breakdown below 2,605.30 with strong bearish momentum. Target 1: 2,466.30 (78.6% retracement). Target 2: 2,400 (psychological level). Stop Loss: Above 2,785.30.
NSE:BALKRISINDLong
by handaakshsy
IRCTC Stock Analysis: Key InsightsDowntrend : IRCTC is following a descending trendline, indicating a bearish phase. A breakout above this trendline could signal a bullish reversal. Support Levels : Immediate: ₹805-810 Stronger: ₹760, followed by ₹690 and ₹637 Resistance Levels : Key: ₹858 Higher: ₹902 and ₹935 Trend Outlook : The stock is consolidating near its lower range, suggesting either an accumulation phase or further downside if ₹760 breaks. Budget Expectations : The government may announce favorable policies or benefits for IRCTC in the upcoming budget, potentially boosting the stock. Stop-Loss Strategy : Traders can use the ₹790-800 level as a stop-loss for long positions to manage risks effectively. Actionable Points: Traders: Watch for a breakout above the trendline for long positions, with ₹790-800 as a stop-loss, or consider shorts below ₹760. Investors: The ₹690-760 zone may be an accumulation area for long-term prospects, especially with possible budgetary support.
NSE:IRCTCLong
by ayusharya_001
EMUDHRA LTD highlights a breakout from from a consolidation zone1. Trend Overview The stock appears to be consolidating after a prolonged Uptrend Current levels (960) suggest the stock is stabilizing near its life time high levels. 2. Key Levels Support Levels: 900 This zone has acted as a psychological and technical support level, holding the recent consolidation movement. Resistance Levels: 970 A small round bottom and closing above this level would confirm a shift to a bullish trend. 3. RSI (Relative Strength Index) The RSI at 69 This indicates a neutral stance with a bullish bias. It shows the stock is neither overbought nor oversold. 4. Volume Analysis Moderate Volume: The current volume shows a significant increase, which is crucial for confirming a breakout. Watch for a volume spike near resistance levels (970) to validate a bullish move. 5. Patterns and Insights Consolidation Phase+ Rounding bottom The price is trading sideways after the recent uptrend, suggesting accumulation. Potential Breakout: A Closing above 970 with strong volume could indicate the continue of a bullish trend. Conclusion The stock is currently in a consolidation phase, awaiting a clear breakout. Traders should focus on the 970 resistance and 900 support zones to determine the next directional move. Disclaimer - The information provided herein is for educational purposes only.
NSE:EMUDHRALong
by Darshilp7
TradingBoth index futures and stock F&Os can be easily understood by tracking Open Interest. Simply put, when Open Interest increases, it means more money is moving into the futures contract, and when open interest drops, it means money is moving out of the contract. The 90/10 strategy, popularized by Warren Buffett, allocates 90% of your portfolio to a low-cost S&P 500 index fund and 10% to short-term government bonds. This aims for long-term growth through stocks while offering stability with bonds.21 May 2024
NSE:DIVISLABEducation
by SkyTradingZone
3
Database TradingEvery trader and investor asks, “Where is the overall market (or a specific security price) headed?” Several methodologies, intensive calculations, and analytical tools are used to predict the next direction of the overall market or of a specific security. Options market data can provide meaningful insights on the price movements of the underlying security. We look at how specific data points pertaining to options market can be used to predict future direction. Typically a trading dataset will provide information about trades that are made over the course of the day. This includes various different details about the trades, such as the bid, bid size and ask size. This information is known as quote data.
NSE:NIFTYEducation
by SkyTradingZone
3
silver Divergence TradingTrend lines are among the most accurate buy and sell indicators, along with simple moving average, stochastic, moving average convergence divergence, and relative strength index being the top trading indicators that help traders analyze the market signals effectively. The best divergence indicators mt4 are MACD, RSI, stochastic, OA. They are user-friendly and simple but provide quite accurate trading signals. You can learn more about stochastic oscillator trading forex in the article Stochastic Oscillator: guide for using indicator in Forex trading.
NSE:BANKNIFTY
by SkyTradingZone
3
Kalyan Jewellers India Ltd - Breakout Setup, Move is ON...#KALYANKJIL trading above Resistance of 731 Next Resistance is at 910 Support is at 614 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KALYANKJILLong
by MandeepSinghKohli
2