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Bajajfinancebuy

Bajaj Finance Falling channel break outNSE:BAJFINANCE was on downtrend for the last four months. Which got arrested after pulling back up to Fibonacci level (.786). After consolidating there for some session started up movement and gave a clear break out above falling channel. The breakout is convincing as last 10 days volume is above 50 days average volume and also candles are wide this is a very important concept as per Volume spread analysis (VSA). Price is now reached near .50 retracement level. A clear entry opportunity was missing till now as price not retraced since BO. Hence a good Risk reward is missing. But there is chance for price retesting Fibonacci level .618 which is also a previous BO zone (6200 -6170). Then that level will provide a good support and can make a entry with very small risk, Stops can be considered at the levels of (6150 -6120). The probable targets could be 6800,7100,7000. Whenever price retrace to Fibonacci level pyramiding should be seriously considered. Trade may take 4 to 6 months to meet its objective. Good Luck
NSE:BAJFINANCELong
by Vasu_devan
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.
NSE:BAJFINANCELong
by The90sTraderOfficial
Bajaj Finance - Next move?Bajaj Finance is a company of the prestigious Bajaj group and it currently trading at a PE value of 33.7 which is way below its Median PE of 46.9. It has a good profit growth of 35.8% CAGR over the last 5 years and it has increased its profits by approximately 11 times in the last 7 years. The stock should be held till around next March for good returns. This analysis is just for educational purpose. Please do your own retrospective study before investing.
NSE:BAJFINANCELong
by ronak16125
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
Bajaj finance Daily Chart Bajaj finance has completed all 5 waves in Daily Time Frame, after completing 5th wave, it has also unfolded Corrective ABC waves upto 0.50% Fibonacci levels and now Tooked Support on that level along with BKP forming on same time frame. Now on Hourly Ripple time frame there has been spotted 2 higher Lows too, waiting for BBC on Hourly chart which may confirm only above 4775, One can go Long with Stop-loss of Breakout Candles Low or nearest Swing Low, also can do pyramiding above Upper Trendline Breakout and Horizontal B level Breakouts. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:BAJFINANCELong
by RK_Chaarts
2
BAJAJ FINANCE LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE . BUY ABOVE 4845-4865 IF THE LEVEL IS BROKEN WITH VOLUME AND CONVICTION. The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB : PULLBACK If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!
NSE:BAJFINANCE
by ReeAishw
Bajaj finance Intraday for 23rd July Good Morning sir's Today's first dish in our breakfast menu is Bajaj finance, Sitting on their Dynamic support daily and in a 4-hour time frame. Stock is damn bullish since June month but 1st Quarter Results has stopped the stock rally and stocks give a correction. but the news impact is always for a shorter time frame. anything can happen at this point. Support can break or stocks can give bounce from it. Long ========== Above: 3300 Sl: 3250 Target: 3360/3400/3430 Short ============ Lower : 3190 Sl: 3240 Target: 3140/3100/3070
NSE:BAJFINANCE
by CodeViser
2
Bajaj Finance accelerated provisioning for Covid19- BullishBajaj Finance informed on Monday it may consider additional accelerated provisioning for Covid-19 in the first quarter of fiscal year 2021 to further strengthen its balance sheet. BajFin were moving between 200EMA (Resistance) and 100EMA (Support) and also following the levels on Fib ret. Today stock made High above 200EMA but closed below.Today volume was 11.438M < 12.929M (20MA Volume). Stock is outperforming Benchmark and Sectrol both index in 1 month and 3 month time period. Showing BULLISH in all indicator: CCI above +100 RSI near to overbought Stoch in overbought ROC is Trending UP DI+ crossed 33 from below Stock outperforming from Benchmark and Sectoral Index Increase in Relative Strength - Benchmark/Sectrol Index Aggressive New Long White Marubozu ---------------------------------------------------------- Support : 3010 Breakdown : 3097 CMP : 3108 Breakout : 3128 Short Target : 3150 and 3200 ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:BAJFINANCELong
by singajai