Get started

Bajajfinance

A bounce in BAJAJ FINANCE and then a 12 percent FALL??Bajaj Finance Ltd. completed a 5 wave up move in Oct. 2023( beginning in March 2023). From the very top of the 5 wave advance the stock seems to have fallen down in a 5 wave. This 5 wave to the downside should be considered as just the wave "A" of the correction that has begun in the stock. Wave B in the stock should now unfold in the stock to the upside(with upside limited to 50%-61.8% of wave 'A'). The 50% retracement of wave 'A' which comes in at 7750 should be considered as a major resistance and a probable area where wave 'B' could stop(61.8% retracement otherwise). Wave 4 low for the stock was at 6800 and that could be the target zone till where the wave 'C' could extend once it begins. Note*- This is not a buy/sell recommendation. This post is for educational purpose only.
NSE:BAJFINANCEShort
by neeraj_2_sharma
Baja Finance Intraday Trade Levels and AnalysisThe stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area. 75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is possible. Hence with the above levels, one can consider a long Intraday trade with an RR of min 1:1 or max even 1:2.
NSE:BAJFINANCELong
by Rugminik
3
Bajaj Finserve LTDNSE:BAJAJFINSV Buy : ₹1613 Target : ₹1735 Gain ~ 8% The stock is showing good signs of upward momentum. The price has come from the lower support of the triangle and now moving towards the upper resistance of the triangle. The rally from here will give around 8% gains. I'm a chartist, I paint charts. My charts speaks louder than words. The ideas represented here are only for educational purposes and not any kind of financial advice to buy or sell. Do your own research before investing.
NSE:BAJAJFINSVLong
by TradeTactic
BajajFinance Bajaj Finance gives breakdown of previous level but not sustain below that and gives V shape recovery Now there are two things - 1. This V shape recovery is a Stoploss Hunt for seller which is negative for stock 2. This is a Breakdown Failure which is positive for stock we consider that this is breakdown failure not stoploss hunt because of RSI gives breakout and close above 50 if stock retrace to breakdown level and creates a bullish candle stick pattern we saw 6100 level in few days. Second thing is trendline from top and stock taking rejection after breakout of trendline confirmation is 80% until confirmation is only 50%
NSE:BAJFINANCE1!Long
by HarishJangda
BAJFINANCE- Bearish Trend line BAJFINANCE is showing bearish momentum, and most of the stocks behave based on the overall market. and you have observed that now day market is very much volatile that's why stocks are not moving in any pattern. still, this stock gives a down moment with high volume that gives a high probability to move downward more. and we can't enter into trade immediately let them Retest the support zone and then enter into with a proper risk-reward ratio.
NSE:BAJFINANCEShort
by investing_views
NIFTY FINANCIAL SERVICES DETAILED ANALYSIS. FUTURE TREND!!I have drawn many things in this idea, stay with me till the end, and I will clear you. first, let me talk about the future trend(because based on that and my prediction I have drawn the rest drawings), the future trend is the dark black line(drawn both support and resistance). the trend is based on the markets getting consolidated and its reaction shown by nifty finserv components. now how is that trend came to surety says the pullbacks drawn by arcs circle and arrows. i have drawn many of them, have a good good at those, those are majorly pullbacks and pullouts. its just that the market was very volatile at that time, like FII SELLING, DII BUYING, interest rates, money incoming etc.. so that made to disturb the trend, but we get to know it by the pull back strategy. now if you looked very carefull you could observe that the last arc drawn is in black, because nifty finserv, did not supported my trend, that actually because major FII selling had come on. like in major stocks like hdfc, icici, bajaj finance. banking stocks and bajaj finance(one to give high returns), sum the nifty finserv about 85%. thats a lot, so mostly nifty finserv is very closely related to bank nifty chart. since bank nifty chart has almost reached its top and making new ATH, this says that nifty fin serv, is at a very discounted, and at any time rally could come in. but this rally could be defined when US markets react positive and FII selling starts coming. and which is already started. DISCOUNTED STOCKS are meant by those which has a good possibility to go up. stocks such as hdfc, kotak, bajaj finance are much in discounted. icici bank has given a good rally, and same acts for SBI. the next part is the brush drawing: i feel that market could be volatile for several days/weeks because nifty50 is a bit overvalued so this could afraid the market to go in a buy side. there could be a clash of buying and selling, mostly giving some doji candles. if such happens, then January of next year, could be a great possibility to give a bull rally, in nifty finserv components. although this volatile theory could go wrong if market directly sees an upmove, instead of waiting much. to add on as a final point, markets where volatile at the time from AUG- OCT, after a bull rally came in. such case could be possible but this volatile market could be a small one, since many things have been formulated, and bad things(like global conditions, no need to mention it) are coming to an end. the price action and following trends is the best thing. mark some good levels in your chart, and check the trend, based on that start taking positions.
NSE:CNXFINANCELong
by raghavchoudhary2016