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BAJAJ HOLDINGS & INVS LTDBAJAJ HOLDINGS & INVS LTDBAJAJ HOLDINGS & INVS LTD

BAJAJ HOLDINGS & INVS LTD

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BAJAJHLDNG trade ideas

BAJAJ HOLDING : BREAK OUT ON WEEKLY CHARTBajaj Holding and Investment , India Based Investment and Holding Company which focus on income from dividends, interest and gains through investment held. The stock is in uptrend on daily and weekly time frame and currently was in retracement move. The move seems to be over now as the stock is stuck in a range and forming a PENNANT PATTERN. We may see breakout any time. Break out may lead to a new 52 weeks High. The Fundamentals of Company are strong with a Market Cap of Rs, 67,345 Cr and YOY stock yield of 15.76 %. Analysis on Weekly Chart : The technical indicators at current level are as under : CMP : 6094.90 MA20 : 6038.13 MA50 : 6027.74 MA200 : 5975.53 RSI : 62.97 crossing over MACD (12,26) : 14.020 ADX (14) : 33.12 ( Directional Strength - In range ) ATR (14) : 44.65 ( Highly Volatile ) Volume is Far below from the mean value, no buyers seen yet, however the stock is waiting for them resulting into break out. The stock regain its upward trend from 4541.30 and as per Elliot wave theory , we may see the third wave in this breakout. Be prepared for the breakout in a or two days and hold for target 3 or a new 52 week High.
BSE:BAJAJHLDNGLong
by chakraveer1104
BAJAJHLDNGBAJAJHLDNG:- Rounding bottom pattern is formed wait for the breakout till then keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BAJAJHLDNGLong
by AjayDhakad_Keep_it_simple
1
Bajajhldng fib levels for swing trade (learning purpose)* For best results, always let the hourly candle close above the entry point. * 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure. * If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well. * We may also trail our stoploss while the price moves forward to secure our capital and profits. Follow us for more updates
NSE:BAJAJHLDNGLong
by Jaicharan
YR 2022 Idea #89: Long on BAJAJHLDNGThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:BAJAJHLDNGLong
by onerighttrade
Bajaj Holdings breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after a consolidation since December 2021, NSE:BAJAJHLDNG has given a breakout today, volume is also very high (4 times the average volume on daily charts). By with a stop below rupees 5300. Other fundamentals: 1. The Co. has investments in group Co. like Bajaj Auto, Bajaj Finserv, Bajaj Auto Holdings, Maharashtra Scooters, Bajaj Electricals, Mukand Ltd., Hercules Hoists, Mukand Engineers, etc. with a market value of ~Rs.99,000 Cr as of the end of FY21. 2. The Co. has investments in fixed income securities like debentures & bonds, Government securities, Mutual funds and CDs with a market value of ~Rs.3,800 Crs. The Co had a return of 8.3% with a portfolio yield of 6.5% with an average maturity of 4.3 years. 3. The objective of the Co’s investment portfolio is to balance risk with adequate return. Its policy allocation towards equities is capped at 60%. It invests mainly in listed equities but also invests selectively in unlisted equities and alternate investment funds. 4. Dividend yield of 2.69% (consistent dividend payer since 2010). 5. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 1243(greater than 3 is good), FCF to CFO at 99.9%.
NSE:BAJAJHLDNGLong
by akashbothra