Bajaj Finance (₹6,720): Key Levels, EMA Insights & Post-Election
**Title**: 🚀 
BAJFINANCE (₹6,720): Will the Maharashtra Election Boost Push It Past Resistance?
**Overview**:
- **Current Price**: ₹6,720
- **Daily Chart**: Positive momentum 📈 suggests short-term strength.
- **Weekly Chart**: Weak 📉, cautious tone for broader trends.
- **Election Impact**: Positive Maharashtra election results could spark renewed interest.
### **Key Levels to Watch**:
- **Support**: ₹6,716, ₹6,615, ₹6,527, ₹6,450 (ideal buy zones).
- **Resistance**: ₹6,787, ₹6,895, ₹6,917, ₹6,997 (potential sell-on-rise areas).
### **EMA Levels**:
- **10 EMA**: ₹6,592 (short-term support, watch for dips here).
- **21 EMA**: ₹6,588
- **50 EMA**: ₹6,658
- **150 EMA**: ₹6,862
- **200 EMA**: ₹6,917 (long-term hurdle).
### **What to Expect**:
- **Short-Term**: A breakout above ₹6,787 could signal bullish momentum toward ₹6,917–₹6,997.
- **Medium-Term**: A close above ₹6,917 (200 EMA) could mark a trend shift.
- **Buy-on-Dips**: Look for buying opportunities near ₹6,527–₹6,615.
**Strategy**:
- **Traders**: Play for breakout near ₹6,787, but be cautious at ₹6,917–₹6,997 where profit booking may occur.
- **Investors**: Use dips as accumulation opportunities for long-term gains.
**Disclaimer**: I am not a SEBI-registered advisor. This analysis is for informational purposes only. Please consult with a SEBI-registered professional before trading or investing.
BAJFINANCE (₹6,720): Will the Maharashtra Election Boost Push It Past Resistance? **Overview**:
- **Current Price**: ₹6,720
- **Daily Chart**: Positive momentum 📈 suggests short-term strength.
- **Weekly Chart**: Weak 📉, cautious tone for broader trends.
- **Election Impact**: Positive Maharashtra election results could spark renewed interest.
### **Key Levels to Watch**:
- **Support**: ₹6,716, ₹6,615, ₹6,527, ₹6,450 (ideal buy zones).
- **Resistance**: ₹6,787, ₹6,895, ₹6,917, ₹6,997 (potential sell-on-rise areas).
### **EMA Levels**:
- **10 EMA**: ₹6,592 (short-term support, watch for dips here).
- **21 EMA**: ₹6,588
- **50 EMA**: ₹6,658
- **150 EMA**: ₹6,862
- **200 EMA**: ₹6,917 (long-term hurdle).
### **What to Expect**:
- **Short-Term**: A breakout above ₹6,787 could signal bullish momentum toward ₹6,917–₹6,997.
- **Medium-Term**: A close above ₹6,917 (200 EMA) could mark a trend shift.
- **Buy-on-Dips**: Look for buying opportunities near ₹6,527–₹6,615.
**Strategy**:
- **Traders**: Play for breakout near ₹6,787, but be cautious at ₹6,917–₹6,997 where profit booking may occur.
- **Investors**: Use dips as accumulation opportunities for long-term gains.
**Disclaimer**: I am not a SEBI-registered advisor. This analysis is for informational purposes only. Please consult with a SEBI-registered professional before trading or investing.
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.