BAJAJ FINSERVE Hello & welcome to this analysis
Stock is completing its triangle and appears all set to break above it.
Accumulation between 1550-1650 looks like a good idea for upside potential of 2300.
View negates below 1325
Happy Investing
BAJAJFINSV trade ideas
Desc. triangleThe descending triangle is a chart pattern used in technical analysis. The pattern usually forms at the end of a downtrend but can also occur as a consolidation in an uptrend. A regular descending triangle pattern is commonly considered a bearish chart pattern with an established downtrend. A descending triangle pattern, however, may be bullish , with a breakout in the opposite direction. NSE:BAJAJFINSV
#Bajajfinserv cash : Looks good above 1585.10#Bajajfinserv cash -Positional call
09.06.2024
Looks good above 1585.10
& add more above 1610.10
Stoploss 1530
Tgt 1640/1680/1740
Cmp 1570
bajajfinsv made triangle pattern watch for breakoutWatch for Triangle Pattern Breakout in Bajajfinsv. Currently in consolidation can see good upmove in coming days
BAJAJFINSERV LIMITED FOR LONGMy view on this script is bullish.
It has potential to Reversal from this zone.
Target 1=1619(1:1)
Target 2=1632(1:2)
Stoploss=1593
Expecting breakoutI’m hoping the breakout after the beautiful almost 2+ year consolidation.
Let’s wait and watch how does it perform
BajajFinsv - HoldIn charts price is in ascending triangle and its bullish pattern. but if price do not move up chances of falling which has not happened. Price might spike too since high low forming for quite some time now so bullish pattern is intact till now.
BajajFinSV looking weekBajajFinSV took a resistance at trendline and broke pattern, looking week now, if a day candle closes below 17000 then it might go down till 16000 and 15000.
Bajaj Finserv in CorrectionBajaj Finserv seems to be in leg C of the flat correction.
Although, the minimum destination of 61.8% have been completed, the down move is likely to continue
It is suggested to avoid taking any longs in this stock.
I'll update you guys once I see signs of the correction ending
Bajaj Finserv Weekly cmp 1600Penant pattern.
Both sides levels open. Trade the breakout or breakdown
Short side targets would be 1500 - 1452 - 1400 - 1210
Long side targets 1744-1920 - 2075 - 2250
Positional Trading Idea on Bajaj Finserv for Short TermNSE: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 around 2450 level.
So, Breakout target above 1700 is between 2450 - 2550 level with Trailing Stop Loss around 1550 level.
BAJAJFINSV | Swing Trade📊 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 and health insurance, and retirement and savings solutions.
TTM PE : 34.27 (Low PE)
Sector PE : 40.04
Beta : 0.85
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
5.58% away from 52 week high
Outperformer - Bajaj Finserv up by 8.22% v/s NIFTY 50 up by 0.7% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Bajaj FinserveClear 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.
Perfect candidate for ShortStock is moving in range bound. Stock increases 3.87% in the last trading session. Spike in volume.
BAJAJFINSV - Weekly AnalysisIn the Weekly Chart of BAJAJFINSV ,
we can see that, it has become bullish.
Let it retest the trendline.
Expected momentum is shown in chart.
Long on Bajaj Finserv LimitedBUY 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
possible weekly breakout of large elephantcan give weekly breakout if breaks the trendline resistence
Bajaj Finserv Ltd: 60% upmove possible-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
BAJAJFINSERVE TRENDLINE WCB BREAKOUTBajaj 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
Bullish reversal on weekly chart in bajaj finsvOn 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 available at 44 or 1680 CE @ 36. Upcoming target for the stock will be 1700 and 1740 in Apr series.
BAJAJ FINSERV - Bullish Swing Reversal with VolumesNSE: 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 deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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