Negativity persist in Bajaj Finance. Short position can be takenA short trade can be taken for a short period. seems almost like a double top. Advatage of market direction will be there..
BAJFINANCE trade ideas
Buy bajfinance for a target of 7300Buy bajfinance for a target of 7300
Stop loss of daily close below 6360
Time frame - 10 trading days
BajFinance - HoldIn charts BajFinance is in down side channel but with relief from RBI it needs to be seen will trend gets changed or not. Else it could see bearish trend.
BAJFINANCE
I hope previously drawn levels helped you out
one can check the previously posted chart.
Now its time to trade again in this good stock as it came again to the Zone levels
Bajaj Finance is still Bullish with Target - 8000For long time Bajaj Finance is in Ascending Triangle pattern and its a Bullish pattern. As on friday 26th april closing price has come for re test of support. on monday 29th if friday level holds and this ascending triangle pattern holds then price could see 8K again in may. or in first week of may it self. so its Buy side only till now.
a welcome correction Bajaj Fin CMP - 6731
The correction has halted at 61.8% of the swing an indication that the trend is intact. In my view this is the best place for traders to buy as the 3rd wave should begin from here. For investors this is an opportunity to add more.
Bajaj Finance - Wave 5The stock seems to have entered the final wave 5 after completing wave 4.
Buy on pullbacks and look for standard candlestick patterns for confirmation to have a better risk to reward ratio.
Note: The SL & tgt are mentioned on the chart itself
Investment Gem: (BAJAJ FINANCE) Set to Soar 20-30%! BAJAJ FINANCE is set to give 20-30% return
Time Period: 5-6 Month
Swing Targets: 9000/9500
Long Term: 10600/11300
-------------------------Technical Analysis
- Ready to Break Ascending Triangle Pattern.
- Also, Wave 3 will start soon
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
Bajaj Finance coming to support zone- best entry price 7030after testing resistance area coming back to support zone
best entry zone 6960 to 7030
after retest it will shoot up keep in radar
BAJFINANCE Outlook...I used Trend following method and Fibonacci retracement tools to discover stock'schanges to break the previous high to find probable break keep watch and wait.
Ignore Gap down Cancel the plan
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance before trading.
BAJAJ FINANCE- Consistent Compounder getting ready for comeback?SYMBOL - BAJFINANCE
Bajaj Finance is one among India's the biggest NBFCs. This stock has been a consistent compounder.
This stock is currently trading in a support zone of 6500 level. This area is a major support zone for Bajaj Finance.
This is a good time to invest in it as long term investment. This stock is a blue chip compounder stock. It has made & It will make a lot of wealth to long term investors in long run.
There is also a trading opportunity. As this stock is in a good support zone, I have made a long position in far month futures today around CMP 6555. I will add more longs if getting 6500-6450 levels. My stoploss would be below 6400 & targets would be 6880-7200 & 7420.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment/trading position. You can track it for educational purposes. Thanks!
Bajaj Twins looks good bet for FY 2024-25.Bajaj Twin are waiting for a move while other stocks of the group has given good returns in last few months.
Both the finance sector companies are trading a break out zone. Banks and other NBFC's has performed and created new highs.
Bajaj Finance
A bullish engulfing candle on the monthly charts is showing some trend reversal in the stock and has gained over 10% this month.
Price action traders can seen the bullishness in the stock and it is trading in a consolidation zone creating a bullish break out pattern.
There are chances of it consolidating around 7600-7800 levels and break out the higher 8200 levels creating a new ATH.
Volume profile ,since April '24, is also showing much of the activity happening around the trading price which signifies less selling volume on the higher levels on monthly charts.
Investment and positional stock holding in these stocks seems good for this FY.
Target price as per Fib Ext. are 8700-9250.
Bajaj Finserv
Its ATH high is 1932.50 and the stock is trading around 1644 levels.
Multi-month consolidation break out can be seen in the stock. If the stock starts to sustain above 1850-60, there are high chance of it giving 30-40% returns in coming FY.
The major resistance around 1860 is there and a break out is there just below the levels around 1700.
A position on the triangle break can be initiated with 25% of the investment capital and add on to the position on the horizontal zone break out.
Volume profile of Bajaj Twins are matching and are at the trading price. More bullish confluences help in carrying the trade and it is doing it.
The target price of 2100-2250 can be predicted as per the Fibonacci extention tool.
Entry should be made only after watching a price action or a break out with good volumes while closing over the levels on weekly or monthly charts.
Chart patterns and trading them are different thing. Price will be traded and chart pattern will help built the confidence.
Bajaj FinanceThe stock price has been coming down in one month from 7800 to 6600. This time consolidating at lower levels, and support also can be seen on the charts.
If bounces back from these levels, may go in an uptrend. Projected targets are indicated on the charts.
If closes below 6520 for two days, may go weak according to this setup.
The risk-reward ratio is good in this setup.
This illustration is my view, only for learning and sharing purposes, not trading advice in any form. Please conduct your analysis before taking any trade.
All the best.
BAJFINANCE
A Very good price action patterns can be seen in this stock respecting all the good S & P Levels
BAJFINANCE 23-03-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from support area.
2) R:R ratio is good.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
BAJAJ FINANCE LOOKS GOOD FOR A SWINGThe stock has quite impressive fundamentals and techincally the stock is showing signs of reversal from bearish trend moreover the stock has crossed a curcial range of 6909 now the stock can rally till 8085 completing the cup and handle pattern further more the resistance cna be broken from that levels and the stock can rally till the 10793 levels
BAJFIN READY FOR UPMOVEAfter the recent RSI divergence, BAJFIN is at a critical breakout point. This uptrend can be a 10-15% up move.
Best time to catch a bottom out.
Can Bajaj finance bounce to decent gains?Bounce from trendline support
Bullish hammer candlestick in weekly time frame
Invalid below 6200 levels
Disc: for study, not a recommendation
Buy this dipBajaj Fin - CMP 6514
In my view the correction is done in this counter. The Fib confluence at 6220 is being respected. Hence the correction seems to be done. Break of the trendline on the 4hr chart will be an early indication that the trend is now changing. So investors should use this dip as an opportunity to buy.
Bajaj Finance - Time Correction
Please check out the time on the chart and ignore the previous one written by mistake.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Let you grow. May! I follow you.
Bajaj Finance - How to trade
Showing signs of bullishness, but demands patience. Good profits to accrue in next two weeks and beyond.
Time to trade between
3-9-24 10:14 AM
3-9-24 2:41 PM
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Let you grow. May! I follow you.
