#BAJAJFINSV stock looking good for swing. Reasons1. Stock took 20ema support on previous day with 1.81M volume. 2. Stock had given breakout from double bottom pattern and making W pattern ,bill run will continue till it reaches 1770 .
BAJFINANCE (Bajaj Finance Ltd.) on a 4-hour timeframe
Support Levels: Identify recent lows where the price has bounced back up. For example, if Bajaj Finance recently found support around ₹6,500, this level is important to watch for potential buying interest.
Resistance Levels: Determine recent highs where the price has struggled to rise further. For instance, if the stock faced resistance around ₹7,000, this level is significant for potential selling pressure.
Here’s a general example of the type of news you might find for Bajaj Finance:
Quarterly Earnings: “Bajaj Finance reports a 15% increase in net profit for Q1 2024, driven by robust loan growth and improved asset quality.” Strategic Initiatives: “Bajaj Finance announces a strategic partnership with a fintech company to enhance digital lending capabilities.” Market Movement: “Shares of Bajaj Finance rose by 3% following positive earnings forecasts and strong quarterly performance.”