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BAJAJ FINANCE LIMITED

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BAJFINANCE trade ideas

Bajaj Finance : make it or Break It !- The chart is pretty self-explanatory. - If you look at the PE, It has come down substantially from about 100. - The crucial resistance zone is an important obstacle. A break and sustenance above it could mean further upmove. - Invest with caution as Investors are getting greedy post the bull run. What are your thoughts? Leave us a comment. Disclaimer: Please note that we are not regi stered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
NSE:BAJFINANCELong
by TheChartereds
5
Bajaj finance is ready to flyBajaj finance can double from here with in a year. Sl below the trend line. Chart is self explanatory. Please follow the price action & take the trade as per your appetite. The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research. Request your support and engagement by liking and commenting & follow to provide encouragement.
NSE:BAJFINANCELong
by VivekUshaRastogii
Bajaj Finance Ltd (BAJFINANCE) ForecastThe chart you have provided is a technical analysis of Bajaj Finance Ltd. on the NSE (National Stock Exchange of India). It is a daily (1D) chart with a focus on price movements and possible future trends. Here’s a detailed analysis and summary: Chart Analysis: 1. Current Price: - The current price is 6,836.90 INR. 2. Trend Lines: - There are two dotted lines indicating a downward trend, suggesting a potential breakout. - There is an upward trend line, indicating support. 3. Support and Resistance Levels: - Resistance Levels: - 7,326.70 INR (Buy TP 1) - 7,797.40 INR (Buy TP 2) - 8,536.20 INR (Buy TP 3) - Support Level: - 5,829.45 INR (Sell TP) 4. Potential Scenarios: - Upside Breakout: The chart indicates a potential upside breakout scenario, with the price moving upwards and hitting the three target prices (Buy TP 1, 2, and 3). - Downside Risk: There is also a possibility of the price falling, with a target around the 5,829.45 INR level (Sell TP). 5. Indicators: - The chart does not show specific indicators like moving averages, RSI, or MACD, but the trend lines and support/resistance levels are the key focus. 6. Price Movements: - The historical price movements show fluctuations within a defined range, with potential reversals at key support and resistance levels. Summary: - Buy Strategy: If the price breaks above the downward trend line, the suggested buy targets are 7,326.70 INR, 7,797.40 INR, and 8,536.20 INR. - Sell Strategy: If the price fails to break above the trend line and moves downward, the suggested sell target is around 5,829.45 INR. - Wait and Trade: The recommendation is to wait for a clear breakout (upwards or downwards) before making any trades. Conclusion: The chart suggests a cautious approach, waiting for a clear indication of the breakout direction. If an upward breakout occurs, there are defined targets for taking profits. If the price moves downward, there is a clear stop loss level indicated.
NSE:BAJFINANCELong
by The90sTraderOfficial
Bajaj FinanceBajaj Finance's chart is whispering echoes of the past! The current price action shows some similarities to the consolidation period seen before the start of its previous major bullish run. If history rhymes, a breakout above this range could signal the start of another exciting upswing. However, past performance isn't a guarantee of future results, so keep a close eye on how the price behaves around this potential resistance level. This could be a turning point to watch!
NSE:BAJFINANCE
by Tradingshiksha
Bajaj Finance Ltd. (NSE: BAJFINANCE) - Short Bias H&SReview: • Head and Shoulders Pattern: A bearish reversal pattern is present, suggesting a potential downside. The target for this pattern is in the range of 6115 - 6042. • 21 EMA: The 21-day Exponential Moving Average (EMA) is rounding off, which could indicate a loss of momentum for the bears. A flattening EMA might suggest the downtrend is losing steam, potentially leading to a price consolidation or even a reversal. This adds some caution to the short bias. • Resistance Levels: The stock is facing resistance at 6484.12, followed by 6608.2, 6702.1, and 6826.2. • Support Levels: If the price breaks below resistance, potential support lies at 6390.2, 6266.1, and 6172.2. • Technical Indicators: o RSI (45.4): Neither overbought nor oversold, but a downward trend could be forming. o MACD (-106.3, -123.3, Negative): Indicates bearish momentum. o MFI (43.1): Similar to RSI, not at extremes but potentially trending down. o ADX (35): Shows a strong trend, but direction unclear without confirmation from other indicators. o ATR (150.6): High Average True Range suggests volatility. o Other Oscillators (CCI, ROC, Williams %R): All point towards bearish momentum. • Recent Price Action: A bullish engulfing pattern on the 1-day chart might be a temporary reprieve. However, it's overshadowed by the preceding Three Outside Down pattern (bearish reversal) 6 days ago on March 6th, 2024. Overall Bias: Short with caution due to the Head and Shoulders pattern, bearish technical indicators, and recent Three Outside Down pattern. Important Notes: • This analysis is for informational purposes only and should not be considered financial advice. • Market conditions can change rapidly. Always do your own research before making any trading decisions. • Consider factors not mentioned here, like company news, sector trends, and overall market sentiment.
NSE:BAJFINANCEShort
by investyoga4