📊 Technical Setup:
Current Price: ₹1,593.55 (-0.33%)
Range: ₹1,565 (L) – ₹1,612 (H)
Key Levels:
Support: ₹1,565 (Recent Low) / ₹1,500 (Strong Base)
Resistance: ₹1,612 → ₹1,700 → ₹2,085 (ATH)
Indicators:
Supertrend (10,3): Neutral (Watch for bullish flip above ₹1,620).
TEMA (5,9,20): Flat – Needs momentum breakout.
Trade Plan:
Entry: ₹1,580-1,600 (Dip near support)
Stop Loss: ₹1,530 (3-4% risk)
Targets: ₹1,700 (Intermediate) → ₹2,000+ (Positional)
RRR: 1:4 (₹50 risk → ₹200+ reward)
🏦 Business Overview:
Sector: Financial Services (NBFC)
Key Strengths:
Diversified Biz: Lending (Consumer/Commercial), Insurance, Wealth Mgmt.
Parent Backing: Bajaj Group’s strong brand & distribution.
Growth Drivers: Rural finance, digital lending, ULIP demand.
Risks:
Rising NPAs in unsecured loans.
RBI tightening norms for NBFCs.
🎯 Why This Trade?
Chart: Near support with ATH potential (+30% upside).
Fundamentals: ROE ~18%, PAT growth ~25% (5Y CAGR).
Sectoral Tailwind: Financials bullish in rate-cut cycle.
⚠️ Watch For: Q4 earnings (May’24) & RBI policy impact.
Current Price: ₹1,593.55 (-0.33%)
Range: ₹1,565 (L) – ₹1,612 (H)
Key Levels:
Support: ₹1,565 (Recent Low) / ₹1,500 (Strong Base)
Resistance: ₹1,612 → ₹1,700 → ₹2,085 (ATH)
Indicators:
Supertrend (10,3): Neutral (Watch for bullish flip above ₹1,620).
TEMA (5,9,20): Flat – Needs momentum breakout.
Trade Plan:
Entry: ₹1,580-1,600 (Dip near support)
Stop Loss: ₹1,530 (3-4% risk)
Targets: ₹1,700 (Intermediate) → ₹2,000+ (Positional)
RRR: 1:4 (₹50 risk → ₹200+ reward)
🏦 Business Overview:
Sector: Financial Services (NBFC)
Key Strengths:
Diversified Biz: Lending (Consumer/Commercial), Insurance, Wealth Mgmt.
Parent Backing: Bajaj Group’s strong brand & distribution.
Growth Drivers: Rural finance, digital lending, ULIP demand.
Risks:
Rising NPAs in unsecured loans.
RBI tightening norms for NBFCs.
🎯 Why This Trade?
Chart: Near support with ATH potential (+30% upside).
Fundamentals: ROE ~18%, PAT growth ~25% (5Y CAGR).
Sectoral Tailwind: Financials bullish in rate-cut cycle.
⚠️ Watch For: Q4 earnings (May’24) & RBI policy impact.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.