Bajaj Finance Long Term AnalysisBajaj finance forming the good pattern , marked different entry opportunity for long term only.
BAJFINANCE trade ideas
BUY BAJAJ FINANCE ABOVE 6600Buy Bajaj Finance above 6600 for the targets of 7000, 7100 and above until 6380 is intact on the downside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
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BAJFINANCE Levels // 45 MinHello Everyone 👋
Overview:
Bajaj Finance Ltd. operates as a non-banking financial company.
It offers consumer finance, SME finance, commercial lending, and investment services.
The company was founded on March 25, 1987, and is headquartered in Pune, India.
Stock Performance:
1 day: +0.63%
5 days: +1.97%
1 month: +1.55%
6 months: +3.14%
Year to date: -7.61%
1 year: -4.73%
5 years: +102.41%
Key Stats:
Market capitalization: ₹4.17 trillion
Dividend yield (indicated): 0.53%
Price-to-earnings ratio (TTM): 27.80
Basic EPS (TTM): ₹243.30
Net income (FY): ₹144.51 billion
Revenue (FY): ₹541.00 billion
Technical Analysis:
Bajaj Finance has been in a falling channel but recently showed a breakout above the channel.
Consider monitoring the stock closely for further price movements.
BAJAJ FINANCE LTD SYMMETRICAL TRIANGLE BREAKOUTAfter long consolidation India's finance giant Bajaj Finance which is available at very cheap valuation at historical lows
It is now ready to breakout symmetrical triangle pattern for a target price of 10000 and 12000.
BAJAJ FINANCE swing simple ORB Strategy with volume ...I will buy near EOD If the price Trade above the blue line...after entering I will wait for the target or (SL) and if goes against my view which be CANDLE CLOSED below Red line in D candle i WILL CLOSE THE TRADE....CHECK THE TARGETS IN THE CHART
It's just my view educational purpose only I'm not SEBI registered
BAJFINANCE Levels For Long or swing TradingChart Overview:
Current Price: ₹6,735.851.
Recent Performance:
1 day: +1.26%
5 days: +2.11%
1 month: +2.82%
6 months: +5.61%
Year to date: -6.45%
1 year: -5.00%
5 years: +106.50%
Support and Resistance Levels:
Pivot Points:
Resistance 1 (R1): ₹6,650.37
Resistance 2 (R2): ₹6,684.38
Resistance 3 (R3): ₹6,712.77
Pivot Point: ₹6,621.98
Support 1 (S1): ₹6,587.97
Support 2 (S2): ₹6,559.58
Support 3 (S3): ₹6,525.57
Fibonacci Pivot Points:
R1: ₹6,645.82
R2: ₹6,660.55
R3: ₹6,675.28
#BajfinanceBearish Cypher is active in Bajfinance
Little bearish now for Bajfinance
Sharing this idea for education purpose only
BAJFINANCE Support and Resistance Hello Everyone 👋
Pivot Points:
Classic Pivot Points:
Resistance 1 (R1): ₹6,650.37
Resistance 2 (R2): ₹6,684.38
Resistance 3 (R3): ₹6,712.77
Pivot Point: ₹6,621.98
Support 1 (S1): ₹6,587.97
Support 2 (S2): ₹6,559.58
Support 3 (S3): ₹6,525.57
Fibonacci Pivot Points:
R1: ₹6,645.82
R2: ₹6,660.55
R3: ₹6,684.38
Pivot Point: ₹6,621.98
S1: ₹6,598.15
S2: ₹6,583.42
S3: ₹6,559.58
Camarilla Pivot Points:
R1: ₹6,622.07
R2: ₹6,627.79
R3: ₹6,633.51
Pivot Point: ₹6,621.98
S1: ₹6,610.63
S2: ₹6,604.91
S3: ₹6,599.19
Relative Strength Index (RSI):
The RSI (14-day period) helps identify overbought or oversold conditions in the stock.
Interpretation:
RSI below 25: Oversold
RSI between 25 and 45: Bearish
RSI between 45 and 55: Neutral
RSI between 55 and 75: Bullish
RSI above 75: Overbought
Bajaj Finance Ltd. (BAJFINANCE): Facing Downward PressureBajaj Finance Ltd. (BAJFINANCE) has been a cornerstone of many portfolios, known for its strong fundamentals and consistent performance over the years.
Technical Analysis:
Recent Price Action:
The daily chart of BAJFINANCE indicates a clear downtrend that began around mid-July 2024. The stock has been making lower highs and lower lows, which is a classic sign of a bearish trend. The price is currently trading below several key moving averages, further reinforcing the negative outlook.
Convergence of the EMAs suggests that BAJFINANCE is currently in a bear phase, with the potential for further declines if support levels do not hold.
Support and Resistance Levels:
Support: The stock appears to have some support around the 6,000 INR mark, which has previously acted as a psychological level. If this level is breached, the next support could be around 5,800 INR.
Resistance: The stock faces immediate resistance at the 6,591.30 INR level (21-day EMA). Further resistance lies at the 6,744.57 INR level (100-day EMA), which needs to be breached for any potential reversal.
Market Sentiment:
The broader market sentiment has been somewhat cautious, with concerns over rising interest rates and global economic uncertainties. BAJFINANCE, being a financial stock, is particularly sensitive to these macroeconomic factors, which may be contributing to the current weakness.
Bajaj Finance 110 % gainBuy bajaj finance futures as shown in chart with target being around 22 % up since it being in a range chance of it going down is very less thus futures can be brought thus making the gain 22*5 = 110 % ( multiplies by 5 since the leverage of 5x is given )
IMP = Dont settle for smaller gain coz someday the losses ll be big ....its either the target or the decision near expiry
Bajaj Finance - An AnalysisThe stock has been traveling into a rising wedge pattern for the last 2 years. Presently near the lower edge of the wedge. Reversed from the support on a red trendline many times.
If reversed from here, may go into a bullish phase.
If breaks the red line support ( around 6500) may come to the lower edge of the rising wedge pattern (around 6200).
Analyze according to your own setups. Act wisely and patiently.
The Above illustration is only my own view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
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.
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.
Request your support and engagement by liking and commenting & follow to provide encouragement.
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
