BEAJ Finance - LongReached March 2021 support. Hefty Long in place. Expecting sharp rally.
- Bullish divergence on the weekly
- Support
Best, Hard Forky
BAJFINANCE trade ideas
bajfinance SIP stock strategyPlease note that the following strategy is based on historical observations and should not be considered as financial advice. It is essential to backtest any strategy thoroughly and consult with a qualified financial advisor before making investment decisions.
Based on historical analysis of Bajaj Finance's price movements, it appears that the stock tends to experience corrections of approximately 25%, 35%, and occasionally up to 65% from its recent highs. Subsequently, when the stock rebounds, it has demonstrated the potential to achieve gains exceeding 100%.
With this in mind, here is a potential strategy:
Buying Strategy:
Allocate your first installment when the stock price is down by approximately 25% from its recent high or when the stochastic indicator with a 4,3,3 setting shows a value below 20. Determine an appropriate amount for this initial investment.
Consider adding a second installment when the stock price is down by approximately 35% from its recent high or when the aforementioned indicator signals a buy opportunity similar to the first installment.
If the stock experiences a substantial decline of around 60% from its recent high, consider adding a third and final installment to your position.
Selling Strategy:
Implement a sell strategy when the super trend indicator on the weekly chart generates a sell signal. Alternatively, if the stock price achieves a gain of more than 100% from your initial purchase price, consider selling 50% of your position while keeping the remaining portion for potential future gains.
Please note that this strategy does not incorporate a specific stop-loss mechanism. It is advisable to assess your risk tolerance and consider implementing a stop-loss order to mitigate potential losses in the event of a significant price decline.
It is crucial to conduct thorough backtesting of this strategy using historical data to assess its performance and consider factors such as transaction costs, market conditions, and individual risk preferences. Consult with a financial advisor or professional for a comprehensive evaluation of your investment approach.
Declaration:
The strategy mentioned above is based on historical observations and is provided for informational purposes only. It should not be considered as a professional analysis or recommendation to buy or sell any specific securities. Implementing this strategy involves risks, and any investment decision should be made after careful consideration of your financial situation, risk tolerance, and consultation with professionals. I bear no responsibility for any financial losses or consequences resulting from the use of this strategy.
Bad closing in bajaj finance On daily time frame bajaj finance is following rising channel 7200 was major resistance for bajaj finance after breakout it fails to stay above 7200 and today given breakdown below 7200 ,now 7200 at as major resistance
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
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KHARID K BHUL JAO BAJAJ FINANCE KO CROREPATI YAHI BANAEGA APKO:)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.
Market Cap
₹ 364,577 Cr.
Current Price
₹ 6,022
High / Low
₹ 7,778 / 5,220
Stock P/E
33.8
Book Value
₹ 794
Dividend Yield
0.33 %
ROCE
10.3 %
ROE
17.5 %
Face Value
₹ 2.00
Debt
₹ 183,273 Cr.
EPS
₹ 178
PEG Ratio
1.10
Promoter holding
55.9 %
Intrinsic Value
₹ 2,843
Pledged percentage
0.00 %
EVEBITDA
20.6
Company has delivered good profit growth of 30.9% CAGR over last 5 years.
This is my one of favorite stock from all my portfolio..i always accumulate this gem for long term..i have holding from down levels.and i am going to hold this for long term..Buy at current price and hold for 19-22% upside target in 2 to 3 months again behatreen stock for buy and forget type Aise stocks me mai stop loss to nahi lagata jitna niche ata h mai to kharidta hun,,lekin fir bhi maine chart dekhke stop loss 5550 ka lagane ka suggest kia hun qki trading k lie stop loss lgana jaruri h.
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Bajaj finance Hello traders i hope you are doing well. Today i will share u bajaj finance analysis for intraday
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 longIt seems that the pullback may occur soon as the price and RSI creates the bearish divergences.
Enter long when the price hits the entry .
Target and stop loss are shown on the chart
BAJFINANCE - Result?Bajaj finance - Moving in Channel trendline pattern
Indian time - Today evening BAJAJFINANCE will be declare results. sp as per Channel pattern we can see Sharp fall near by 6200 6284 to 5800 5600+++
View call If get Short near 6200 6268 CBSL 6324 target 5800 5600 5250+++
BAJAJ FINANCEIT is getting rejected at top again and again can plan some shorts it can fall upt to 6500 ..
BAJAJFINANCE---Demand @6400 ??---->> Stock created a strong demand zone @6400 range, price wants to test this demand zone,
keep watch this level for further upside movement.
BAJAJ FINANCE 1D (12/05/2023)NSE:BAJFINANCE
Bajajfinance is bullish.Above 4918 level never think about selling side .
May be for somedays it may sideways. but its trend is bullish.nearest support is 5648 level.
Bullish breakout W pattern Bajaj finance is bullish on daily chart.
Price ac action break out of the W pattern on daily chart.
Double bottom pattern in Bajaj finance: long position NSE:BAJFINANCE had formed a double bottom pattern and have taken a breakout. NSE:BAJFINANCE has break the neckline with a big bullish candle. Take a long position.
first target 7053
second target 7525
stoploss below 6388
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+
Ready for breaching crucial levelStock at crucial level with good volume
Not an investment advice. Do your own due diligence before investing.
Bajaj Finance - Cooled off. At Gann Support. LongAfter significant correction, the stock is at potential gann support.
Risk reward on longs is much better.
Bajaj finance buying opportunity Bajaj finance buying opportunity after trendline breakout , it's move upto 6200 ,6300 level..
Mega breakout/breakdown in bajajfinanceOn daily time frame of BAJAJFINANCE which is following a channel it tries to break this channel it will give mega break out but if it fails to break then lower low formation will continue to break down on lower side
Bajaj Finance: Pull Back started?Folks,
A pullback seems to have kicked in for Bajaj Finance.
Buy between 5650 and 5700 for a target of 5850 to 5900.
Stop Loss of 5650.
Keep this trade for only few days.
BAJAJ FINANCE 15M (27 MARCH 2023)NSE:BAJFINANCE
Formation of inverse cup & handle pattern in
bajaj finance.can short below 5481 after retracement.
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
DISCLAIMER- We are not a SEBI registered advisor.this is only for educational purpose. before taking trade take advice from your financial advisor.We will not be responsible for your profit and loss.
