Get started
BAJAJ FINANCE LIMITEDBAJAJ FINANCE LIMITEDBAJAJ FINANCE LIMITED

BAJAJ FINANCE LIMITED

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

BAJFINANCE trade ideas

Bajaj Finance Ltd. (NSE: BAJFINANCE) - Short Bias H&SReview: • Head and Shoulders Pattern: A bearish reversal pattern is present, suggesting a potential downside. The target for this pattern is in the range of 6115 - 6042. • 21 EMA: The 21-day Exponential Moving Average (EMA) is rounding off, which could indicate a loss of momentum for the bears. A flattening EMA might suggest the downtrend is losing steam, potentially leading to a price consolidation or even a reversal. This adds some caution to the short bias. • Resistance Levels: The stock is facing resistance at 6484.12, followed by 6608.2, 6702.1, and 6826.2. • Support Levels: If the price breaks below resistance, potential support lies at 6390.2, 6266.1, and 6172.2. • Technical Indicators: o RSI (45.4): Neither overbought nor oversold, but a downward trend could be forming. o MACD (-106.3, -123.3, Negative): Indicates bearish momentum. o MFI (43.1): Similar to RSI, not at extremes but potentially trending down. o ADX (35): Shows a strong trend, but direction unclear without confirmation from other indicators. o ATR (150.6): High Average True Range suggests volatility. o Other Oscillators (CCI, ROC, Williams %R): All point towards bearish momentum. • Recent Price Action: A bullish engulfing pattern on the 1-day chart might be a temporary reprieve. However, it's overshadowed by the preceding Three Outside Down pattern (bearish reversal) 6 days ago on March 6th, 2024. Overall Bias: Short with caution due to the Head and Shoulders pattern, bearish technical indicators, and recent Three Outside Down pattern. Important Notes: • This analysis is for informational purposes only and should not be considered financial advice. • Market conditions can change rapidly. Always do your own research before making any trading decisions. • Consider factors not mentioned here, like company news, sector trends, and overall market sentiment.
NSE:BAJFINANCEShort
by investyoga4
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
NSE:BAJFINANCEShort
by guptamani3105
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