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.:)
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.
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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.
$bajajfinancebored thought i'd see whats up with my pms picks
would like a reclaim of white line for continuation otherwise recon we dip below 200 ema and cause panic sweep the range low and run it back up
nifty not looking so hot to me tbh at present so not gonnna deploy fresh capital for now
lets see what the weekly open brings for DXY ( my bias is that we are topping so would make sense to be risk on )
Review and plan for 3rd May 2024Nifty future and banknifty future analysis and intraday plan in kannada.
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please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BAJFINANCE TRADE PLAN FOR COMMING DAYSI am not a genius analyst or trader but I have lot of experience of trades in current market. I can't say that I am profitable trader but I am increasing my accuracy of my analysis which is sharing with you. You can follow my research if you are new in stock market.
Is Bajaj Finance ready for a fall!!!!! H&S pattern formationIs Bajaj Finance ready for a fall!!!!!
Head & Shoulder pattern formation @weekly time frame
Expected target: ~550
Disclaimer: Study only for Educational Purpose.
Please Consult SEBI registered Financial Advisor for any Financial Advice/ Decision.
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!
Learning Post : Bajaj Fin Showed Recovery from Support Levels
This is a Learnig Post :
> Price Action Pattern Repeats on the Charts
> The Stock formed W Pattern at the Imp Support & witnessed Good Recovery
> It may Come for Pullback Retesting
*No Stock Recommendation
For Chart Practice & Learning Purpose