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BAJAJ FINSERV LTD.BAJAJ FINSERV LTD.BAJAJ FINSERV LTD.

BAJAJ FINSERV LTD.

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BAJAJFINSV trade ideas

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.
NSE:BAJAJFINSV
by Happy_Candles_Investment
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.
NSE:BAJAJFINSVLong
by The90sTraderOfficial
BAJAJ FINSERVEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support..... Tradelikemee Academy Saanjayy K G
NSE:BAJAJFINSVLong
by Tradelikemee
3
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.
NSE:BAJAJFINSVLong
by Stox_Ware
BAJAJ FINSERV LTD S/R for 1/4/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:BAJAJFINSV
by zenthosh
Falling wedge on BAJAJFINSVBAJAJFINSV formed a falling wedge chart pattern on daily chart. There were multiple support and resistance tested as shown on the chart. Moreover, notice the volume when price falls and on the breakout day. Notice the hammer candlestick formation at support, indicates buyer are out there to push the price high. There was a strong breakout candle formed with a wick (something to be dealt with caution, it could be profit booking as well). Ideal entry would be just above breakout days close with stop loss below the previous swing low. An easy 1:2 risk reward ratio. Hope you liked my analysis. Please feel free to comment your view or boost this idea if you think it was worth your time.
NSE:BAJAJFINSVLong
by digijagan
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.
NSE:BAJAJFINSVLong
by vikasbhekare