#Bajfinance cash : Looks good around 6900-6920#Bajfinance cash
22 March 2022
Looks good around 6900-6930
stoploss 6800
Target 7180-7230
Cmp 6985
BAJFINANCE trade ideas
#Bajfinance cash : Looks good sell below 6450 only#Bajfinance cash -Positional call
10 March 2022
Looks good sell only below 6450
stoploss 6520
Target 6360/6260
(Support 6450-6500)
Cmp 6585
BajajFinance is a Short @ 6725Bajajfinance trading at resistance area and it failed to break previous hourly resistance, Trading below the 20days average so downward movement may expected and its a positional sell with strict stoploss of 6962 for the target of 6250.
Thanks
Why we like it:
Stock failed to break resistance and trading below the 20day moving averages.
Near by support:
5950
Near by resistance:
6950
BAJAJ FINANCE - RETEST & REVERSAL - MORNING STAR PATTERNThe analysis is done on daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Morning star pattern in bajaj financeBajaj finance has given a bullish reversal pattern and has closed above 50% fib level.
It may test its 61.8% levels before retracement or reverse from 50% levels
Wait for a the levels to sustain above 6970.
Resistance :- 6600,6750
Support :- 6338, 6249
Simple patterns can be traded with confirmation
Bajaj Finance - head and shoulder - Trgt 6251The target and the reason are marked on the chart. The chart is weak and is trading below its 50 DMA
Bajaj Finance - Harmonic PatternBajaj Finance can be bought at the marked level with long term view as it is fundamentally a strong stock which has the capability of doubling the money every 5 years. Expecting an reversal from the marked zone (i.e. 5910 - 6000)
H&S BREAKDOWN IN BAJAJ FINANCEClear H&S BREAKDOWN IN BAJAJ FINANCE is visible now if it plays out one can expect a approx 20% downside from here
#Bajfinance cash : Looks good sell below 6725#Bajfinance cash -Positional call
03 March 2022
Looks good sell below 6725
Target 6624/6524
Stoploss 6810
Cmp 6748
Bajaj FinanceThe previous cluster where breakout happened in 6400 area has been tested twice in recent past and any next attempt to test those levels could make it weak to test 5300 odd levels.
PS: This will not happen overnight ;)
Long-term investment ideaBajaj Finance is a dominant player in the consumer finance space, and it has also made forays into a variety of lending segments, with housing lending accounting for a significant portion of its portfolio.
Bajaj Finance's share price has remained relatively stable in recent months, while increasing by 64% year on year.I believe that because the fin-tech saga is deeply embedded in this company, valuations should continue to be high.
As a result of the increased adoption of the new app, annual customer franchise additions should accelerate to 80-90 lakh, up from the previous guidance of 70-80 lakh per annum, according to the company.
The stock is also taking multiple support from 200EMA and can continue the growth once the war situation normalises. I would recommend to start buying this stock in small installments.
A clear area for buyers (BAJFINANCE)As you can see in the chart above that bajfinance seems to obey 50 week moving average. Apart from that bajfinance seems to stay around 20 Month moving average. Since there is pessimistic sentiments around this stock, the stock is bound to go down a little bit. But for long term buyers like me who want to add those shares, we should add them around 6400. I think this stock would consolidate for a while regardless of its record results, so dont expect immediate results. Regarding the competition, it is very real that competition has intensified. PAYTM and companies like those are trying to flank bajfinance. But there is no immediate threat to this company right now. Note that PAYTM directly compares itself with BAJFINANCE, which means they say that they could take away market from bajfinance and also affect their ambitions. Thus PAYTM is looking for trouble even when it is unprofitable. When you look for trouble you find trouble and the probability of you losing increases. Bajfinance knows threats to its business and it would take necessary action to keep their ambitions intact.
BAJJFINANCE LonngLevels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
Bajaj finance is on 200 EMA + Strong Demand zonewe consider bajaj fianance for long because today confirm that bajfinance supported on demand zone + 200 EMA also . threfore, our convection on bajfinance is long .
BAJAJ FINANCEThe king of NBFC is at good dip and also one can consider for swing from this dip. At the same time my stoploss for a swing trade in this scrip is about 6500 range.Have a profitable trade.
Overview of BAJAJ FINANCE looking # bullish As we can see there's a trend reversal in market and bullish movent in the market , it 's a good oppourtunity for long everything is mentioned in the above pic in details.
Bajaj finance ready to give a breakout on a triangle pattternBajaj finance chart shows a triangle pattren. It is good for intraday as well as swinfd trade. Blue horizontal lines are key target levels in Bajaj finance. This is not an tip or stock recommendation. All ideas are on educational purposes only.
Bajaj Finance Cmp 7111 dated 3-2-2022 Bearish FlagBajaj Finance Cmp 7111 dated 3-2-2022
1. Bearish Flag Pattern On chart.
Sell below 7100 for a tgt of 6900-6700 SL 7200
It is just a view, pls trade at your own risk.
BAJAJFINANCEhello Everyone
I Made a Elliott Wave But i Am Not Sure This Chart Is Perfect Elliott Wave Because ABC is Complicated
than you all of you
DOUBLE BOTTOM BREAKOUT STOCKStrong Stock buy only given share level.
Double Bottom formation pattern will create.
Bajaj FinanceBajaj Finance
CMP 7373
Rise to 7670 can be used to go short.
If market trends red this stock may move towards 6750/6270
BUY BAJAJ FINANCE ABOVE 7000 FOR 5%-10% GAINSAsian paints has taken support of the possible triple bottom
Bounced from 200 MA
Sitting on demand zone
Above flip level
Healthy retracement of 61.8% done from last swing high
Good volume on previous 2 sessions
7000 will act as a psychological breakout/support.
Buy above - 7000
Targets mentioned in the chart above
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