Go Long on Bajaj FinanceBajaj Finance is showing buying from the lows.
Go long for a Target of 6850.
SL will be today's low.
BAJFINANCE trade ideas
Bajaj fin is on supportBajaj fin is on support Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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Bajaj Finance To remain Rangebound Or Liquidity Clearout likely?Bajaj Finance has been Rangebound for 3 years now..
6150 is crucial zone
If Respected, then possibly 8000 zone could be tested
If broken, then 5700 zone could be tested which may see a Sharp Bounce since it's a Demand Zone, pending a retest, taking to 8000 Zone again.
? Thinking Buying at current priceWeekly
40 Support/ 200 MA
Daily
1. Price -Double bottom - also at previous supports
2. Pattern- In Triangle- Near Support- Multi Year
3. Volume Diversion - At 1st Limb High Volume- Seems Exhaustion Volume, then at second - Low
3. Volatility Diversion - BB - One limb is outside, the another is inside
4. RSI Diversion
Challenges
1. Daily RSI below 40-
Watch Daily Price action 12th Aug Onward- If 9th Aug 24, high crossed, Can be a good early entry with 12th Aug 24 low as SL.
2. Pyramid at 6900, ie swing high.
? Is Ready for BIG upside MovementWeekly
40 Support/ 200 MA
Daily
1. Price -Double bottom - also at previous supports
2. Pattern- In Triangle- Near Support- Multi Year
3. Volume Diversion - At 1st Limb High Volume- Seems Exhaustion Volume, then at second - Low
3. Volatility Diversion - BB - One limb is outside, the another is inside
4. RSI Diversion
Challenges
1. Daily RSI below 40-
Watch Daily Price action 12th Aug Onward- If 9th Aug 24, high crossed, Can be a good early entry with 12th Aug 24 low as SL.
2. Pyramid at 6900, ie swing high.
3. 1st Target- Triangle upper line
Then wait how trade evolves
Only for educational purpose
Bajaj Finance | Correction completedBajaj finance has completed it's ABC correction.
An upmove could resume from here.
An ideal entry point would be a close above previous day's high
Buy zone for bajaj financeBat pattern formed in bajaj finance. This is for educational purposes only.
bajaj finance- weakening,potential to move on downwardsbajaj finance- recently posted one of the best results, but price action looks on the different side. a good pullback short entry, might trigger further on downside for the stock.
BAJFINANCE - H&S Pattern Breakout Expecting a down trend in bajaj finance if breks the support below. Targets are mentioned below. Please do your own analysis
BAJAJ FINANCE: Technical and Fundamental RSI at 30, nearly 12M support line
Analyst giving upside of 10 - 20%
Tgt @ 7200 (8 - 10% upside)
Go Long on BajFinance
The stock is currently in a consolidation phase within a symmetrical triangle pattern. It’s approaching key support levels, with RSI near the oversold territory, suggesting potential for a rebound.
Currently near 32, approaching the oversold threshold. This might indicate a buying opportunity if the price bounces off the support level.
Bajaj Finance | LongBajaj Finance seems to have completed the counter trend move.
There's a lot of upside potential but according to my trading strategy I would suggest to go long with a target of ~4000 and SL of close below ~7000
Buy SetupMonthly 20 MA
Weekly 20 MA, Pivot
Daily CIP, 20 MA
Triangle
BUY if triangle Breakout with good volume
SL-6188
Only for educational Purpose
H&S Breakout in Bajaj FinanceBajaj Finance looks to have given a H&S breakout on daily. With further confirmation above , 7400 this has a great upside potential.
This is only for educational purposes.
BAJAJ FINACE Weekly Update 15/JUN/24Hello Traders.
BAJAJ FINACE i trade it because of its long & wide moves in a direction.
As we have identified a pattern thats semitrical triangle pattern near ATH levels.
The current scenario is That Bajaj Finance has taken support on Trend line & short term Chart pattern as Double Bottom.
Range Shift Occurs on RSI as it crossed above 50 levels indicates the Stock has Entered on Bullish Territory.
Watch out on 8000 levels on Daily Chart for Breakout moves.
HAPPY TRADING
Long Bajaj Finance 11000Expecting Bajaj finance to zoom towards 5 digit figure soon
Invested at 2650s
Bajaj FinanceIn a good consolidation phase
Planning to add half the quantity in dips and the remaining upon confirmation in weekly / monthly.
Good Returns are on cards.
Going to blast next week 7300 levelBajaj finance is looking good on the weekly and daily time frame and stands out in picture perfect area If anybody plans for a 2-3 week positional trade then in the upcoming days the target is nearly 7400,7500 & 7800 the stop loss is roughly 1-2% depending on your risk appetite consolidation period is over going to blast next week!
BAJFINANCE
Again the Price is at the support level one can plan good trade in moving up
Can check the previously posted charts in BAJFINANCE
Bajaj Finance : Momentum Building Bajaj Finance Momentum building up after yearly results.
- Public holding only 10.2% - historical low since 2017
- DII's holding 14.33%, up from 14% in Dec'23
- Marginal decrease in promoter and FII holding
- Ex dividend date approaching on 6/21 - Dividend of Rs 36
On daily charts
- RS1 56
- EMA 9 and EMA 21 have crossed EMA 63
- EMA 63 just below EMA 200
Fundamentals
- PE around 31
- PEG around 1.05
Buy and hold for target of 8000
Bajaj FinanceBreakout if happens from here,
The price can move a rapid move upside.
This is like spring.
Lets See
Use your own analysis. Not recommending any buying whosoever is reading this.
