Bajajfinance holding periods decades#bajfinance will break out of this two year triangle, has a huge potential for long run of becoming blue-chip stock,
BAJFINANCE
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.
#BajFinance has been consolidating in this channel since Sep’21#BajFinance has been consolidating in this channel since Sep’21
IF and when this breaks, it will be a decisive move and can set the trend for next few months.
Mark these levels on your chart so that you do not miss the breakout!
Right time to book profit in Bajaj Finance
Current upswing ended few days back, and gap down of lat week has sustained for the whole week. May be we should book profit and wait for next upswing or take short position.
BajajFinance on Monthly Chart about to break ascending triangle 1) 8000 Level Tested Mutiple Times
2) Ascending Trinalge Pattern
3) Combo of Bear and Bull Engulf Candle
Bajaj Finance - heading for 5500 levels?Bajaj Finance could easily be heading for 5500 levels at least, if not lower...
BAJFINANCE--Head & Shoulders ??Head and Shoulders pattern is observed in this stock...
recently price broken the neckline...
Demand Zone is observed at 6000 levels...
if neckline acts as resistance chances of fall back is more.
this stock price is now in consolidation a retest to the neckline may be observed before pushing it downwards again...
find short opportunities in this stock.
If no fallback a strong reversal is observed.
INR 7000 support in BAJFIN could be taken out!The stock is currently falling in Wave "B" and is expected to complete the wave close to the INR 6600 mark.
A small bump up from current level is possible towards INR7250 but INR 7400 will continue to be a major resistance for the stock.
Upon the completion of the bump-up the fall should again resume and the price should proceed towards the projected target zone.
#BIRLAMONEY 62 TGT 79 @in_Tradingview Buy - Rachit SethiaBIRLAMONEY
CMP 67
TGT 79
SL 62
Return ~ 20%
TF 6months
RR >2.5
NSE:BIRLAMONEY
#BIRLAMONEY
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
BAJFINANCENSE:BAJFINANCE
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
Buy Bajaj finance future Buy Bajaj finance future @mondaybopening price with sl of 1% and target of 1.2% ,do follow
BAJFINACE Intraday Analysis: 19-Jun-23Bajfinace imp zones mentioned on chart, all reversal and expected move mentioned with Arrow line, RED: Sell, Green: Buy
Sell< 7190 SL: 7220 Target : 7170,7130,7050
Buy>7220 SL: 7190 Target : 7240,7260,7290++
Wait for Proper Rejection on lower time fames at levels :
@Support : Bullish
@Resistance : Bearish
Use SL trialing Method
Kindly Support me via follow and like:
Any query do ping us or require any specific stock analysis
*All views for educational purpose only
Should we short Bajaj Finance now?
Bajaj Finance has gone up more than 15% in a month, should we short it to take advantage of profit booking that can start anyday now?
BAJFINANCE DOUBLE BOTTOM BREAKOUT The price Trading in Descending Parallel Channel. Double Bottom Neckline Breakout seen in daily chart.30% Correction Seen from 7778 Level. Looking Good for investment point of view. Positional Targets 6100/6344/6505+
Bajaj Finance Falling back in channel
Bajaj Finance came out of the trading range of last few months, now looks like coming back to the channel range. If it closed in red today, then it can be a good candidate for shorting.
#BAJAJELEC #BAJAJHCARE #BAJFINANCE #BAJAJHIND #BAJAJFINSV #BAJAJ#BAJAJELEC
NSE: BAJAJELEC
CMP: 1191
TP: 1500
SL: 1055
TF: <6m
RR > ~2 times
Return > 25%
BAJAJELEC BAJAJHCARE BAJFINANCE BAJAJHIND BAJAJFINSV BAJAJHLDNG BAJAJ_AUTO BAJAJCON
HAVELLS
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
#SILINV #BAJFINANCE #BAJAJFINSV #HDFCAMC #CHOLAFIN #SBICARD #NSE
#SILINV
NSE:SILINV
CMP: 347
TP: 435
SL: 300
TF: <6m
RR > 1.8 times
Return 25%
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
#DELTACORP #NAZARA #CASINO #GOA #TRADINGTIPS #StocksToWatch #nseNSE: DELTACORP
CMP: 232
Target: 290+/++
SL: 211
RR > 3 times
RETURN > 25%
Timeframe < 6M
NSE:DELTACORP and NSE:DELTACORP1!
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
Short Sell Setup in BajfinanceAfter consolidation, a strong support level has been broken as shown on the chart. ADX indicates bearish momentum gaining strength. Will go short below last candle low of 6770
Entry - 6770
SL - 6980
Target - 6540/6415
#BAJFINANCE Weekly Major Support & Resistance Levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
