BAJAJHLDNG trade ideas
**Bajaj Holdings & Investments Ltd. (NSE)**:**Bajaj Holdings & Investments Ltd. (NSE)**:
---
### **📊 Key Observations:**
1. **Current Price Action:**
- The stock is trading at **₹11,290.10**, slightly above a **key support level** at **₹11,035** (marked by the 44-day SMA).
- It recently retested this level and is showing signs of recovery.
2. **Support and Resistance Levels:**
- **Support Zone:** ₹11,035 (SMA) and ₹10,885.80. A breach below ₹10,885.80 could lead to a drop toward ₹10,176.90 or lower.
- **Resistance Zone:** ₹11,337.85 and ₹12,998.40. Breaking ₹11,337.85 could see bullish momentum, targeting the ₹12,998 zone.
3. **Trend:**
- The overall trend appears to be bullish, as seen from the higher highs and higher lows pattern since July 2024.
- The recent pullback could be a consolidation phase before another rally.
4. **Risk-Reward Setup:**
- **Target:** ₹12,998.40 (upper bound of the bullish move).
- **Stop-Loss:** ₹10,077.65, providing a risk-reward ratio favorable for bullish entries.
---
### **💡 Trading Strategy:**
1. **Bullish Case:**
- Entry above ₹11,300 for a move toward ₹12,998.40.
- Stop-Loss: ₹10,885.80.
2. **Bearish Case:**
- Short positions below ₹10,885.80 for a target of ₹10,176.90.
- Stop-Loss: ₹11,300.
---
### **📅 Key Notes:**
- The stock is currently consolidating near its support, offering a potential swing trade opportunity.
- Keep an eye on broader market trends or any sectoral news influencing Bajaj Holdings.
BAJAJ HOLDINGS S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Lapu Starlapu star breakout Breakout trading is used by active investors to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, and expansions in volatility and, when managed properly, can offer limited downside risk. Throughout this article, we'll walk you through the anatomy of this trade and offer a few ideas to better manage this trading style.
BAJAJHLDNG - Cup & Handle patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
Investment Analysis for NSE:BAJAJHLDNGTechnical Analysis
Chart Pattern : Double Bottom
Time Frame : Daily Chart
Current Scenario :
- The stock BAJAJHLDNG has formed a double bottom pattern on its daily chart.
- The neckline of this pattern is approaching a potential breakout point.
- There is a notable supply zone at ₹8,447.65, which is a critical level to watch for further price action.
Double Bottom Pattern :
- A double bottom pattern is a bullish reversal pattern indicating that the stock price has reached a support level twice and is likely to trend upward if it breaks through the neckline.
- The confirmation of this pattern typically occurs when the stock price breaks and closes above the neckline with significant volume.
Supply Zone :
- The supply zone at ₹8,447.65 represents a level where selling pressure has previously been strong.
- If the stock price can break through this level with substantial buying volume, it could indicate further upward momentum.
Potential Scenarios:
1. Bullish Breakout :
- If BAJAJHLDNG breaks above the neckline and sustains above the ₹8,447.65 supply zone, it could signal a strong bullish trend.
- Investors may consider entering a long position upon confirmation of the breakout with appropriate risk management strategies.
2. Failed Breakout :
- If the stock fails to break the neckline or is unable to sustain above the supply zone, it might indicate a continuation of the current range or a potential bearish move.
- Investors should monitor the stock for false breakouts and consider placing stop-loss orders to mitigate risk.
3. Sideways Movement :
- The stock may also consolidate around the neckline and the supply zone, indicating indecision in the market.
- During this period, it is prudent to observe the volume and price action closely before making any investment decisions.
Risk Management :
- Utilize stop-loss orders to protect against significant downside.
- Position sizing should be in accordance with individual risk tolerance.
- Regularly review the stock’s price action and adjust your investment strategy as needed.
Disclaimer :
The above analysis is based on historical price patterns and technical indicators. It is important to conduct your own research and consider your financial situation and investment goals before making any investment decisions. Stock market investments carry risks, including the risk of loss. Past performance is not indicative of future results. Consult with a qualified financial advisor or conduct thorough due diligence before making any investment decisions.
This analysis is for informational purposes only and does not constitute investment advice.
Bajaj Holdings & Investment Ltd (ticker: BAJAJHLDG) ForecastThe chart provided is a daily candlestick chart for Bajaj Holdings & Investment Ltd (ticker: BAJAJHLDG) on the National Stock Exchange (NSE). Here's a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Daily
- Data Range: From mid-2023 to mid-2024
Price Analysis:
- Current Price: ₹8,031.95
- Price Movement: The stock has experienced a gradual upward trend with periodic corrections.
- The price reached a peak near ₹10,000 in early 2024 and has since been consolidating in a symmetrical triangle pattern.
Technical Patterns and Indicators:
- Symmetrical Triangle: The stock is forming a symmetrical triangle pattern, characterized by converging trendlines.
- Upper Trendline Resistance: Formed by lower highs since early 2024.
- Lower Trendline Support: Formed by higher lows since mid-2023.
- This pattern often precedes a breakout in either direction.
Key Levels and Future Projections:
- Resistance Levels (Take Profit Targets):
- BUY TP1: ₹9,400.00
- BUY TP2: ₹10,400.00
- BUY TP3: ₹12,100.00
- Support Levels:
- Immediate Support: Around the lower trendline of the symmetrical triangle.
- Further Support: If the price breaks below the lower trendline, previous support levels around ₹7,600 to ₹7,800 could be tested.
Trade Setup:
- Bullish Scenario: If the price breaks above the upper trendline of the symmetrical triangle and sustains above this level, it could potentially move towards the identified resistance levels (TP1, TP2, and TP3). This would confirm a bullish breakout from the symmetrical triangle pattern.
- Bearish Scenario: If the price fails to break above the upper trendline and instead breaks below the lower trendline, it could indicate a potential downside move towards the next support levels.
Conclusion:
The chart for Bajaj Holdings & Investment Ltd shows the stock in a consolidation phase within a symmetrical triangle pattern following a significant upward trend. Key levels to watch include the upper trendline resistance and the lower trendline support. A breakout above the upper trendline could signal a bullish move towards ₹9,400, ₹10,400, and ₹12,100. Conversely, a breakdown below the lower trendline could suggest potential further downside. Traders should look for a confirmed breakout in either direction to make informed trading decisions.
Bajaj Holding Elliot Waves are completed and Ready for UpmoveBajaj Holding Elliot Wave pattern is completed with last ABC waves too. Now price is aiming to reach Upper Channel and Target is 7862/- By Nov 2023.
Note: It is not at all the buying recommendation and this stock is in my portfolio and there is a high probability that my analysis is biased and could be possible my analysis will go wrong.
Simple Cup with Handle PatternOBSERVATIONS :-
1) . As we know Cup with Handle is a Bullish pattern
2) After being in uptrend , stock will some correction near to 50% forming like a cup
3) Then it bounces back to form a cup and then consolidate in range for sometime to form a handle
4) Within the handle it slightly forms a range.
5) You can LONG / BUY the stock if retests , breaks the handle resistance and go back further down.
6) STOPLOSS - This can be set slightly below the Handle low
7) TARGET - This we can set as same as the height of the cup itself. Also follow volume confirmation
Simple Bullish Penant FlagOBSERVATIONS :-
1) . As we know Pennant Flag ( Bullish ) is a Continuation pattern
2) First we can see the stock in Uptrend
3) Then it forms symmetric triangle with Flagpole
4) Then there was a breakout outside of the ascending triangle , we have to wait till it retest and then enter
5) You can go LONG / BUY the stock if retests and go further up after breakout
6) STOPLOSS - This can be set at the pennants last swing high
7) TARGET - This we can set as same as the width of the first penant high and low
Simple Inverted Head Head & Shoulders Reversal patternOBSERVATIONS :-
1) . As we know Inverted Head & Shoulders is a Reversal pattern from Bearish to Bullish
2) We can see the stock is in Downtrend for sometime and slowly losing momentum at the downside
3) Then it forms Left and right shoulders with Head forming with much lower price. Having either Hammer or bearish Marubozu candle is also a confirmation of good rejection
4) After touching the neckline resistance breaks , we have to wait till it retest and then enter
5) You can go LONG / BUY the stock if retests and go further up after breakout
6) STOPLOSS - This can be set slightly below the neckline
7) TARGET - This we can set as same as the width of the pattern itself considering Head.
Simple Triple Top ( Reversal Pattern )
1) . As we know Triple Top is a Reversal pattern from Bullish to Bearish
2) We can see the stock is in uptrend for sometime and slowly losing momentum
3) Then it forms Three tops with all tops containing Shooting star price rejection candle as well
4) After third top touch if breaks below Neckline resistance , we have to wait till it retest and then enter
5) You can short / Sell the stock if retests and go back further down.
6) STOPLOSS - This can be set slightly above the Neckline
7) TARGET - This we can set as same as the width of the pattern itself.
Bajaj Holdings & Investment Ltd* Bajaj Holdings & Investment Ltd*
Pole & Flag Pattern: Monthly Basis
Price BreakOut / Vol. Consolidation
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Strong Company*
Operates as an Investment Co. Holds >30% stake in Bajaj Auto Ltd. / Bajaj Finserv Ltd.
Stable Sales / Profit on Qtrly Basis. Improving Sales/Profitability on Yrly Basis.
Low Equity. Strong TNW. Negligible Debt. Huge Investments / C&CE.
+ve Ops. Cash Flows. Promoters increasing Stake since Sep'21.
Dividend Paying Co.
Strong Performance of Investment Co. likely to be Share Price Accretive
*Concern:*
Sharp drop in RoA/RoE/RoCE in FY21.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)