NSE:BAJAJFINSV
Bajaj Finserv is on the verge of Breakout of Symmetrical Triangle. The difference between recent high low is around 850 point (1925 - 1075 approx). Adding 850 to probable upside Breakout near 1700 comes to a target around 2550 level.
Calculating Fibonacci Extension of 1.618 level considering recent High near 1925 and Low near 1025 come to level...
📊 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...
Clear VCP Pattern observed in the stock, Breakout may give rewards. Short term support RED Trend line. Dotted lines show-Symmetrical Triangle pattern formation, higher side breakout eminent as consolidation takes since long. Consult your FA/DYOR before investment.
BUY BAJAJFINSV
Entry - 1670.50
Target - 1786 to 1869
Stoploss - 1588
Last trading session has tremendous Volume and stock has closed higher side compare to last 2 weeks trading session.
Risk to Reward Ratio - 1:1.5
-Bluest of the bluechips with a breakout in the offing
-60% upmove possible (post breakout)
-highest ever sales and PAT
-NNPA 0.37%
-diverse segments from retail finance to insurance
-public shareholding ⬇️in the last few quarters
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
On weekly chart, the following is
observed :-
1. MACD reversal seen just from the centre line which is sign of reversal.
2. RSI seen bullish at 52 on weekly chart.
3. Stock moved after a long time, positive momentum with short covering in Mar series.
4. 1640 hurdel crossed with great bullish candle.
So, one can make positions in 1640 CE Apr series...
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...
Please refer to my earlier idea on the stock where I mentioned the stock to be bought only when it retraces back from 1540 level. And it has already done now. Best time to enter but have patience and follow the notes mentioned on the chart.
Time candles to watch
3-21-24 10:40 AM
3-21-24 3:06 PM
Disclaimer:
I am not a Registered Analyst with SEBI and it is...
Do not trade in the opening of the market. Let the price rebound from 2540 and come above 36 SMA atleast then only buy.
Disclaimer: I am not a SEBi Registered analyst and it is only for educational purposes. I will not be responsible for any of your profits/losses.
