BAJFINANCE trade ideas
BAJAJ FINANCE LTD 1WTRUST ME
Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers.
A Triangle Pattern In BajFinance (Elliott Wave)A Triangle Pattern has appeared in BajFinance
(1) It is an Elliott Wave Patter where we Enter on Break Of B-D Trendline
(2) Our Stop is Below the E wave
(3) Accuracy of this Pattern is High
(4) we Might have Low Risk to Reward Ratio Coz it is a Breakout Pattern But Accuracy Compensates For the Same
Bajaj Finance - Are you ready??🎯 The chart is self-explanatory as always!
But here are some good to know pointers:
Symmetric Triangle Contraction Pattern
The stock has been range-bound for a while
Currently above all SWING EMAs
Bajaj Housing Finance IPO may boost Bajaj Finance for shareholder quota
Watch the 7500 level —previously a strong supply zone
ATH is just 12% away!
⚠️ Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Regardless of the language used, nothing shared here should be considered as advice or a recommendation. Please consult your financial advisors before making any investment decisions. Like everyone else, we too can be wrong at times. ✌🏻
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
Bajaj Finance - Hidden Gem?Bajaj Finance is a company of the prestigious Bajaj group. It is the largest NBFC company of India. It has the lowest NPA among NBFC companies as the largest customer of the company is Bajaj Auto which is another group company of Bajaj Group. The company is continuously increasing its market share and onboarding new customers.
The P/E ratio of the company is at 27.33 which is very less than the 20 year median P/E of 45.6.
The company is constantly increasing its quarterly and yearly revenue and net profit.
The company has significantly decreased its Net NPA from 1.46% in June 2021 to 0.38% in June 2024 which shows the good performance of the company.
The ROE is 22.12% which is considered excellent for NBFC segment stocks.
Regardless of such extraordinary performance and financials the company is trading at the same levels at which it was trading 3 years ago. It is a golden opportunity to invest in this stock at this point of time for long term as it may go 3-4 times up from this level.
I am not a SEBI registered analyst.
Please do your own analysis before investing.
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BAJAJ FINANCE 1WEEKwhat is the name of this pattern...??
Chart patterns, like head and shoulders or triangles, can indicate potential market movements. Recognizing these patterns helps traders make informed decisions and improve their trading strategies.
I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit.
No Claim, All Rights Reserved.‼️
buy at zone - swing pickENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Review and plan for 5th July 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT