DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
A close above 3520 would incite more interest from investors as it is a darling of investors in nbfc space.
Buy above 3520 with stop at low of lower channel 3100
“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
~ Paul Tudor Jones
Entry Range: 3475 - 3485
Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose and my personal view. Please take position after consulting your advisor.
The stock has formed a cup and handle formation and looks Bullish for swing of 2 weeks.
The Price might retest the Neck Line, so Handle zone will act as a Support.
Risk Takers can take a Position on the handle zone and safe players can take above the neck line.
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Bajaj Finance, one of the most stable companies in the NBFC space has been making higher highs and higher lows since the recent fall where the stock witnessed levels as low as 1800. After a strong upmove the stock has been consolidating in a narrow range in the last month. The weekly chart shows positive swing trade setup and can offer attractive risk reward for...
Bajaj Finance has already formed a descending triangle.
It has break its triangle in up-direction and now this stock is following an up-direction.
You can see in the chart i have mentioned "continues up-move"
after every continues up move the stock always form a small triangle and there is a price rotation.
The stock has taken perfectly it's support every-time.
This is in continuation to the earlier post on Bajaj Finance.A strong bullish head and shoulders pattern seem to be in the making in lower time frame charts. One need to wait for pattern completion for safe trade entry. If the price manages to cross and sustain above the neckline placed near 3330 , the targets mentioned in the chart could be achieved in August series.
BAJFINANCE can be considered weak unless it crosses 3300 levels.
For intraday perspective, if it trades below 3150, then it has no nearest support till 3120 (T1).
T2 & T3 levels are marked in chart. As BAJFINANCE has good co-relation with NIFTY, trend in coming days will also govern its move.
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.