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Bajajfinance

INVESTMENT IDEA - BAJAJ FINANCE Bajaj Finance , a major financial services provider in India, showcases a promising investment setup supported by both technical and fundamental strengths. Technical Reasons : Trend Line Support: The stock is holding above a long-term trend line, indicating resilience and potential for an upward move. Intact Trend: Continuous higher highs and higher lows signal that the bullish trend remains intact. Doji and Inside Candle Pattern on Weekly: This pattern suggests a possible reversal or continuation, highlighting a period of consolidation with potential for breakout. Fundamental Reasons : Record Revenue and Net Profit: Both metrics are at all-time highs, underscoring the company's financial strength. Attractive Valuation: With a current 10-year PE ratio of 27.9, Bajaj Finance trades below its 10-year median PE of 45.4, suggesting it is undervalued relative to historical standards. Solid Growth and Returns: The company boasts a 24% compounded sales growth rate, an ROCE of 11.9%, and an ROE of 22.1%, reflecting effective utilization of capital and profitability. These combined factors make Bajaj Finance an attractive long-term investment option, with technical support for entry and solid fundamentals for sustained growth potential.
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by Visionary_Growth_Insights
BAJAJFINANCENSE:BAJFINANCE One Can enter now! Or Wait for a retest of the trendline(BO)! Or Wait for a better Risk:Reward Ratio! Note : 1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low. 2. Risk :Reward ratio should be minimum 1:2. 3. Plan your trade as per the Money Mangement and Risk Appetite. Disclamier : You are responsible for your profits and loss. The idea shared here is purely for Educational purpose. Follow back, for more ideas and thier notifications on your email. Support and Like incase the idea works for you.
NSE:BAJFINANCELong
by CreativeCreature
6
BAJAJ HOUSING FINANCE INTRADAY RANGECurrently, BAJAJ HOUSING FINANCE is trading within a specific price range as indicated above. It is advisable to wait for a significant price movement either above the upper limit (breakout) or below the lower limit (breakdown) of this range before considering further trades. It's worth noting that since BAJAJ HOUSING FINANCE was listed just 2 days ago, there is limited historical data available for conducting a comprehensive technical analysis.
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by Kartik_Elkunchwar
Bajaj Finance - Hidden Gem?Bajaj Finance is a company of the prestigious Bajaj group. It is the largest NBFC company of India. It has the lowest NPA among NBFC companies as the largest customer of the company is Bajaj Auto which is another group company of Bajaj Group. The company is continuously increasing its market share and onboarding new customers. The P/E ratio of the company is at 27.33 which is very less than the 20 year median P/E of 45.6. The company is constantly increasing its quarterly and yearly revenue and net profit. The company has significantly decreased its Net NPA from 1.46% in June 2021 to 0.38% in June 2024 which shows the good performance of the company. The ROE is 22.12% which is considered excellent for NBFC segment stocks. Regardless of such extraordinary performance and financials the company is trading at the same levels at which it was trading 3 years ago. It is a golden opportunity to invest in this stock at this point of time for long term as it may go 3-4 times up from this level. I am not a SEBI registered analyst. Please do your own analysis before investing. Do like and follow and share among your friends and family. Thank you.
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by ronak16125
Bajaj Finance : make it or Break It !- The chart is pretty self-explanatory. - If you look at the PE, It has come down substantially from about 100. - The crucial resistance zone is an important obstacle. A break and sustenance above it could mean further upmove. - Invest with caution as Investors are getting greedy post the bull run. What are your thoughts? Leave us a comment. Disclaimer: Please note that we are not regi stered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
NSE:BAJFINANCELong
by TheChartereds
5
Bajaj Finance Ltd (BAJFINANCE) ForecastThe chart you have provided is a technical analysis of Bajaj Finance Ltd. on the NSE (National Stock Exchange of India). It is a daily (1D) chart with a focus on price movements and possible future trends. Here’s a detailed analysis and summary: Chart Analysis: 1. Current Price: - The current price is 6,836.90 INR. 2. Trend Lines: - There are two dotted lines indicating a downward trend, suggesting a potential breakout. - There is an upward trend line, indicating support. 3. Support and Resistance Levels: - Resistance Levels: - 7,326.70 INR (Buy TP 1) - 7,797.40 INR (Buy TP 2) - 8,536.20 INR (Buy TP 3) - Support Level: - 5,829.45 INR (Sell TP) 4. Potential Scenarios: - Upside Breakout: The chart indicates a potential upside breakout scenario, with the price moving upwards and hitting the three target prices (Buy TP 1, 2, and 3). - Downside Risk: There is also a possibility of the price falling, with a target around the 5,829.45 INR level (Sell TP). 5. Indicators: - The chart does not show specific indicators like moving averages, RSI, or MACD, but the trend lines and support/resistance levels are the key focus. 6. Price Movements: - The historical price movements show fluctuations within a defined range, with potential reversals at key support and resistance levels. Summary: - Buy Strategy: If the price breaks above the downward trend line, the suggested buy targets are 7,326.70 INR, 7,797.40 INR, and 8,536.20 INR. - Sell Strategy: If the price fails to break above the trend line and moves downward, the suggested sell target is around 5,829.45 INR. - Wait and Trade: The recommendation is to wait for a clear breakout (upwards or downwards) before making any trades. Conclusion: The chart suggests a cautious approach, waiting for a clear indication of the breakout direction. If an upward breakout occurs, there are defined targets for taking profits. If the price moves downward, there is a clear stop loss level indicated.
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by The90sTraderOfficial
Bajaj Finance Flat CorrectionBajaj FInance is in a long term flat correction which started from late 2021 & it can continue for few more months. It loks like in Wave C where it can make a 5 wave fall. Minimum target should be 6443 of this pattern but seeing the impulsive wave it shouldn't stop here & we can see straight fall to 5800 levels then later on 5200-5300 levels. This pattern can go in till April May 2024 As per Ichimoku too it has broken weekly cloud & next monthly cloud support appears near 5900 levels Buying otm puts for march or April is not a bad option right now.. Risk reward is good with small risk & can hedge this trade too if you want
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by guptamani3105