Bajaj finance looking weak weg get 650 points on up moveOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BAJFINANCE trade ideas
BAJAJ FINANCE LIMITED
Target mentioned in chart - SL 7000
Fundamentals
Market Cap
₹ 4,70,409 Cr.
Current Price
₹ 7,770
High / Low
₹ 8,000 / 5,486
Stock P/E
38.1
Book Value
₹ 898
Dividend Yield
0.39 %
ROCE
11.8 %
Promoter holding
55.9 %
EPS last year
₹ 190
EPS latest quarter
₹ 56.8
Debt
₹ 2,16,690 Cr.
Pledged percentage
0.00 %
Net CF
₹ -1,831 Cr.
Price to Cash Flow
-11.2
Free Cash Flow
₹ -42,999 Cr.
Debt to equity
3.99
OPM last year
69.4 %
OPM 5Year
65.4 %
Reserves
₹ 54,251 Cr.
Price to book value
8.64
Int Coverage
2.18
PEG Ratio
1.06
Price to Sales
10.5
Sales growth 3Years
16.2 %
Profit Var 3Yrs
29.8 %
Great chartChart and fundamental very best stock for investment
Consider for portfolio stock
My Target is 7450 stoploss and 9500 Target
Israel war so be careful may be stock market bearish so take own risk no recommendation for buy and sell
No recommendation from me for buy or sell
Take own analysis
Bajaj finance hit big Target 8180 , buying recommended near 7500On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
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
Bajaj finance give 400 points upside now Ready for 8250-8300For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
Bajaj finance ready for 8000 again For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
Baja Finance Intraday Trade Levels and AnalysisThe stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area.
75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is possible.
Hence with the above levels, one can consider a long Intraday trade with an RR of min 1:1 or max even 1:2.
BAJFINANCE : Expecting a sell-offValuation of this stock is high and also the financials are also not that attractive even if price reaches the low of the channel or wedge mentioned.
But still if price reaches the low of the channel then a position can be taken if the overall market sentiment favours a bullish move and confidence, at that time. Also the fundamentals of the company at that time should also be considered.