Bajaj finsav analysis as on 05.12.2024Bajaj finsv analysis, idea as on 05.12.2024
can move ,please comment any any other idea i can post more....
BAJAJFINSV
SWING IDEA - BAJAJ FINSERV Bajaj Finserv , a prominent player in financial services, presents a compelling swing trade setup.
Reasons are listed below :
Symmetrical Triangle Breakout and Retest : The price has recently broken out of a symmetrical triangle pattern and successfully retested, signaling a strong support level.
Consolidation Break : A significant 3+ year consolidation phase has been broken, indicating potential for a sustained upward move.
0.618 Fibonacci Support : The price is holding above this key Fibonacci level, suggesting strong buyer interest at current levels.
EMA Support on Weekly : Trading above the 50 and 200 EMAs on the weekly timeframe reinforces the bullish sentiment and strengthens support levels.
Target - 1900 // 2030 // 2200
Stoploss - weekly close below 1635
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@visionary.growth.insights
BAJAJFINSV Trading Within Fresh Demand ZoneBAJAJFINSV is currently trading at ₹1639.8, positioned within its fresh demand zone between ₹1644.95 and ₹1623.2, identified on 26th August 2024. This zone has not been tested yet, indicating potential buying interest at these levels. Investors might watch for a possible bounce from this range, suggesting strong support in the near term.
Bajaj Finserv Ltd. - Weekly Chart Analysis1. Symmetrical Triangle Pattern:
Bajaj Finserv has been consolidating within a symmetrical triangle pattern over the past few years, showing lower highs and higher lows.
This pattern suggests a period of accumulation or consolidation, where both buyers and sellers are competing, leading to a breakout or breakdown.
2. Recent Breakout and Pullback:
The price recently broke above the upper boundary of the triangle, indicating a bullish breakout, which was accompanied by significant buying volume.
Currently, the price is retesting the breakout level, which may act as a support zone if it holds.
3. Fibonacci Levels and Potential Resistance Zones:
The previous high near INR 1,880 (approx.) acts as a critical resistance zone. This level also aligns with the 88.18% Fibonacci retracement level, which may serve as a potential profit-booking zone if the stock moves upward again.
If the stock maintains its momentum post-retest, a move toward this resistance could be expected.
4. Volume Profile Analysis:
The Volume Profile on the right shows strong support around the INR 1,500-1,600 levels, indicating that a significant volume of shares has been traded within this range.
This level may act as a support if the price dips further from the current pullback.
5. Trendline Support and Moving Averages:
The long-term upward trendline provides a strong dynamic support level.
The 50-week and 200-week moving averages are positioned below the price, indicating a long-term uptrend and offering additional support around INR 1,500.
6. RSI and Momentum Indicators:
The Relative Strength Index (RSI) shows a healthy range but is not overbought, suggesting there is room for further upward movement.
A crossover in the RSI or any divergence may indicate potential reversals, so keeping an eye on these indicators would be beneficial.
7. Key Levels to Watch:
Support: INR 1,500-1,600 (Volume Profile and Moving Average Support), INR 1,730 (current retest level).
Resistance: INR 1,880 (previous high and Fibonacci level).
Conclusion: The stock is at a critical juncture, currently retesting the breakout level of the symmetrical triangle. If the price sustains above INR 1,730, we could see a bullish continuation toward INR 1,880. However, a breakdown below the trendline or INR 1,500 could invalidate the bullish outlook, potentially leading to further downside.
BAJAJFINSVNSE:BAJAJFINSV
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.
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BAJAJ FINSERV TRIANGLE PATTERN As we can see, BAJAJ FINSERV was forming a symmetrical triangle pattern on a weekly time frame and has currently broken out of it. We can consider a buy on pullback at around 1835.
Bajaj Finserv Ltd on a bullish breakout, volume rising sharply!➡️ Bullish breakout above ₹1,899 with surging volume at 3.078M, signaling strong interest
BAJAJ FINANCE Bullish PatternBajaj finance
weekly Breakout
buying level 7440
target as show in chart
stoploss follow
BAJAJ FINSERV LONGBAJAJ FINSERV as seen in the chart above is forming a ascending triangle pattern. Consider it for educational purpose and look for target and SL accordingly.
#bajajfins weekly time frame Bajajfins is forming really good pattern. It's going up and down but u guys can see this time it has started consolidation at break out lvl. Look it good on daily time frame too as it is in supp on that time frame too which is good for short term and small targets. For big we have to wait patiently as finance sector is not doing even tho stocks are publishing good results too . One can add this in there watch book . It's not any buy/sell recommendations.
Bajaj Finserv again looking good to go longBajaj Finserv Ltd. is a holding company involves in lending, insurance, and wealth advisory businesses. It operates through the following segments: Life Insurance, General Insurance, Windmill, Retail Financing, and Investments and Others. It is also the holding company for generation of Electric power through conventional and unconventional methods.
Negative aspects of the company are high PE, High promoter stock pledges and company not able to generate enough cash through operations. There were increased provisions for NPA during the recent results.
Positive aspects of the company are MFs increased stake in the company in past month, company reducing debt, FIIs increasing stake in the company and increasing revenues since last 3 quarters.
Entry can be taken after closing above 1613. Targets in the stock will be 1633 and 1663. The long-term target in the stock will be 1692 and 1724. Stop loss in the stock should be maintained at Closing below 1515 on a weekly closing.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Bajaj Finserv Ltd (ticker: BAJAJFINSV) ForecastThe chart provided is a weekly candlestick chart for Bajaj Finserv Ltd (ticker: BAJAJFINSV) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Weekly
- Data Range: From mid-2021 to mid-2024
Price Analysis:
- Current Price: ₹1,601.70
- Price Movement: The stock has experienced significant volatility over the period, with notable highs and lows.
- The price reached a high near ₹2,200 in mid-2021 and has since been in a downward consolidation pattern.
Technical Patterns and Indicators:
- Symmetrical Triangle: The stock appears to be forming a symmetrical triangle pattern, which is typically a continuation pattern. The price is converging between the upward trendline (support) and the downward trendline (resistance).
- Upper Trendline Resistance: Around ₹1,734.30
- Lower Trendline Support: Near the major support zone around ₹1,323.15 to ₹1,350.00
- Major Support Zone: The area between ₹1,323.15 and ₹1,350.00 has acted as a significant support level in the past, preventing further decline.
Key Levels and Future Projections:
- Resistance Levels:
- Immediate Resistance: Around ₹1,734.30 (upper trendline of the triangle)
- Next Resistance: Around ₹1,841.60
- Major Resistance: Around ₹2,020.45
- Support Levels:
- Immediate Support: The major support zone between ₹1,323.15 and ₹1,350.00
- Trendline Support: The upward trendline of the symmetrical triangle around the current price level
Trade Setup:
- Bullish Scenario: If the price breaks above the immediate resistance at ₹1,734.30 and sustains above this level, it could potentially move towards the next resistance levels at ₹1,841.60 and ₹2,020.45. This would confirm a breakout from the symmetrical triangle pattern.
- Bearish Scenario: If the price fails to break above the immediate resistance and moves below the major support zone, it could indicate a potential downside towards the lower levels.
Conclusion:
The chart for Bajaj Finserv Ltd shows the stock in a consolidation phase within a symmetrical triangle pattern following a significant decline from mid-2021. Key levels to watch include the immediate resistance at ₹1,734.30 and the major support zone around ₹1,323.15 to ₹1,350.00. A breakout above ₹1,734.30 could signal a bullish move towards ₹1,841.60 and ₹2,020.45, while a failure to hold above the major support zone could indicate potential further downside. Traders should look for a confirmed breakout in either direction to make informed trading decisions.
My view on Bajaj Finsvin 2 hrs. time frame looking for 4-5% growth. Long term investors also can plan to hold it.
it's my personal view, consult with your financial advisor before investing.
BAJAJFINSV BREAKOUT ?Weekly Breakout possible .
Triangle Pattern.
Good for Long term.
Do Like ,Comment , Follow for regular Updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
BAJAJFINSV : Short Term View for Swing / Positional Tradewww.tradingview.com
BAJAJFINSV : After almost 12% correction, this stock is breaking out at upper side with off-course massive Volume support.
While looking at mathematical price movement predictions, here are the HIGH, MEAN and LOW can be:
HIGH = 2040
MEAN = 1793
LOW = 1295
While looking at chart, it shows the latest Fibonacci retracement of 61.8% tested. While it is still above the psychological mark of 50% retracement, the other confluence factor can support in our bullish view.
If we look at RSI on daily timeframe again, it is touching the level of 60 which is a strong sign of fueling the bull. The current price is above the next psychological level of market which is 20-SMA.
In addition, it is also making Falling Wedge on daily chart which is also a mark of bullish reversal.
It is also a strong candidate of making 52w high and currently lagging with 5.4% from 52W high price.
One can look for an opportunity for a swing or positional trade in it.
Bajaj Finserv Ltd. Elliot Wave Theory AnalysisI have performed Elliot Wave Theory analysis on BAJAJFINSV daily time frame.
The internal wave counts are not shown on the charts as they get cluttered.
Wave 2 retraced 0.65%
Wave 2 is a sharp correction
Wave 3 was calculated with the Fib Extn tool starting from wave 1—end of wave 1—end of wave 2. It is precisely 1.618%, which signifies that wave 3 is extended. However, the target for wave five should be between 0.618 and 1% when you project it from the start of wave 1—end of wave 3 to the lowest bottom of wave 4 (mostly sideways).
Alternate for corrective wave
If wave 2 of an impulse is a sharp correction, expect wave 4 to be a sideways correction and vice versa.
#AWL 398 TGT 500 #Adaniports #adanient #adanipower #adaniensol#AWL
NSE:AWL
CMP 398
TGT 500
SL 350
TF < 6M
Great risk return trade off!
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Bajaj FinservBajaj Finserv is at breakout point.
RSI show the bullish Divergence, if it give successfully breakout then we can see a bullish momentum around 1700-1720.
Bajaj Finserv breakout point pe trade krra h.
Agr hum Rsi ko dekhe toh yeh bullish divergence show krra h, agr breakout legit hota h toh hum 1700--1720 tak ki rally expect kr skte h.
BAJAJFINSIVNSE:BAJAJFINSV
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BAJAJFINSV NSE:BAJAJFINSV
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
L&TFH L_TFH 133 ->160 21% recommended buy - Rachit SethiaL&TFH 133
TGT 160+
SL 120
RR > 2.5
Return > 21%+
Timeframe < 6 months
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Range getting tighter.Bajaj Finserv weekly chart in a narrowing range. Above 1660, we could see 1900, below 1220, 1050 could be possible. Which way will this breakout?
❤ & follow for more.
