Bajaj Twin are waiting for a move while other stocks of the group has given good returns in last few months.
Both the finance sector companies are trading a break out zone. Banks and other NBFC's has performed and created new highs.
Bajaj Finance
A bullish engulfing candle on the monthly charts is showing some trend reversal in the stock and has gained over...
The stock seems to have entered the final wave 5 after completing wave 4.
Buy on pullbacks and look for standard candlestick patterns for confirmation to have a better risk to reward ratio.
Note: The SL & tgt are mentioned on the chart itself
BAJAJ FINANCE is set to give 20-30% return
Time Period: 5-6 Month
Swing Targets: 9000/9500
Long Term: 10600/11300
-------------------------Technical Analysis
- Ready to Break Ascending Triangle Pattern.
- Also, Wave 3 will start soon
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or...
I used Trend following method and Fibonacci retracement tools to discover stock'schanges to break the previous high to find probable break keep watch and wait.
Ignore Gap down Cancel the plan
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and...
SYMBOL - BAJFINANCE
Bajaj Finance is one among India's the biggest NBFCs. This stock has been a consistent compounder.
This stock is currently trading in a support zone of 6500 level. This area is a major support zone for Bajaj Finance.
This is a good time to invest in it as long term investment. This stock is a blue chip compounder stock. It has made & It will...
The stock price has been coming down in one month from 7800 to 6600. This time consolidating at lower levels, and support also can be seen on the charts.
If bounces back from these levels, may go in an uptrend. Projected targets are indicated on the charts.
If closes below 6520 for two days, may go weak according to this setup.
The risk-reward ratio is good in...
Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from support area.
2) R:R ratio is good.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of...
The stock has quite impressive fundamentals and techincally the stock is showing signs of reversal from bearish trend moreover the stock has crossed a curcial range of 6909 now the stock can rally till 8085 completing the cup and handle pattern further more the resistance cna be broken from that levels and the stock can rally till the 10793 levels
