Bajaj finance swing short Based on my technical analysis the formation of head and shoulder can be seen on daily and weekly time frame.
BAJFINANCE trade ideas
Rushing towards TargetBajaj Finance
Rushing towards Target
Do not forget to check buying channel it may hit earlier then expected.
Bajaj Finance - heading for 5500 levels?Bajaj Finance could easily be heading for 5500 levels at least, if not lower...
BAJFINANCE--Head & Shoulders ??Head and Shoulders pattern is observed in this stock...
recently price broken the neckline...
Demand Zone is observed at 6000 levels...
if neckline acts as resistance chances of fall back is more.
this stock price is now in consolidation a retest to the neckline may be observed before pushing it downwards again...
find short opportunities in this stock.
If no fallback a strong reversal is observed.
Bajaj Finance at Very Long Term SupportThe market leader has corrected to fall at long term trendline support.
Keep this in the list to be studied.
Note: This, like all other posts, is not a buy/sell call. It aims at spreading awareness and anybody making a financial commitment has himself/herself to credit for gains and blame for losses involved.
#BajajFinance #BAJFINANCE #NSE #nseindia # bseindia
Dear MuthuI used weekly Scale for this TA ...........
=> Target of Head & Shoulder pattern is near 6000/-
=> Must Start Accumulation below 6000/-
=>Bullish Divergence
=> If there is a Bullish Divergence in Price and RSI as earlier (i.e. 19May202 - 13June2022 and
23Jan2023 - 27March2023). Then one must Buy it after Bullish Divergence Confirmation.
=> This scenario may happen between May-July2024
Bajaj FinBajaj Fin can be at the last leg of correction . EW analysis is shown with counts on the chart for learning purpose.
Bajaj Finserv Head and Shoulder PatternIn Daily Chart, it has formed Head and Shoulder Pattern, having head of 1200 points and as the same 1200 points downward target can be expected...
Breakout already happened and running the expected direction...
Bajaj Finance Flat CorrectionBajaj FInance is in a long term flat correction which started from late 2021 & it can continue for few more months.
It loks like in Wave C where it can make a 5 wave fall. Minimum target should be 6443 of this pattern but seeing the impulsive wave it shouldn't stop here & we can see straight fall to 5800 levels then later on 5200-5300 levels. This pattern can go in till April May 2024
As per Ichimoku too it has broken weekly cloud & next monthly cloud support appears near 5900 levels
Buying otm puts for march or April is not a bad option right now.. Risk reward is good with small risk & can hedge this trade too if you want
Bajaj Finance weekly forcastBajaj Finance may see an upward breakout next week. Because on the daily chart Bajaj Finance is in a downtrend inside a channel. The stock is continuously setting new lows but the previous two lows appear to be parallel. Which could be the initial sign of change in the pattern of downtrend.
Should we buy Bajaj Finance now?
Bajaj Finance goes down almost every year in February . This year is no exception, but it seems that it has reached it its current swing low. Should we but it now or wait for more downside in coming days?
INR 7000 support in BAJFIN could be taken out!The stock is currently falling in Wave "B" and is expected to complete the wave close to the INR 6600 mark.
A small bump up from current level is possible towards INR7250 but INR 7400 will continue to be a major resistance for the stock.
Upon the completion of the bump-up the fall should again resume and the price should proceed towards the projected target zone.
Bajaj Finance Weekly Chartshowing multiple times hurdle @ 8050
expecting above closed resistance level will give good bounce
Bajaj Finance Bearish ( Head and Shoulder)The stock is currently falling in and is expected to complete the wave close to the INR 6848 mark.
Upon the completion of the bump-up the fall should again resume and the price should proceed towards the projected target zone.
Baja finance swing trade Weekly time frame head and shoulder formation. Bajajfinance missed their q3 profit
Bajaj Finance - Next move?Bajaj Finance is a company of the prestigious Bajaj group and it currently trading at a PE value of 33.7 which is way below its Median PE of 46.9. It has a good profit growth of 35.8% CAGR over the last 5 years and it has increased its profits by approximately 11 times in the last 7 years. The stock should be held till around next March for good returns.
This analysis is just for educational purpose.
Please do your own retrospective study before investing.
Bajaj finance trendingAs per my view n study bajajfinance may go up to 8250 n 9200 Stop-loss is 7200/7000, after hitting high of previous high of 8000 it come down till 7000 mark but not closed below of previous low of 6800 n now trading at 7700 level, follow the levels.
My views r only for educational information n knowledge purposes not to trade, make ur own analysis n invest.
Bajaj financeThe company is Expanding its franchise which was announced in Q2FY24. and management said they are looking in the Rural market of India and the company is working at New Whical loans also. and Now the company crosses 3Lack Cr. AUMs and 30% Growth in loans also. and the company is Technically forming cup and handle patterns as I am sharing in the chart also. It's ready to blast for the new highs. So guys we should add the fundamental and India's biggest NBFC company share in our portfolio.
Note- It is not any tip or any BUY or sell recommendation. It is my view and study points only.
Bajaj Finance - Management Quality & Economic MoatNSE:BAJFINANCE
Bajaj Finance Ltd, one of India's largest and most diversified Non-Banking Financial Companies (NBFCs), has exhibited robust management quality and developed a significant economic moat in the financial services sector.
Management Quality:
Strategic Growth: Bajaj Finance Ltd has shown a consistent focus on strategic growth and resilience, particularly evident during the COVID-19 pandemic. Despite the disruptions caused by the pandemic, the company maintained a nuanced strategy on acquisition and underwriting across its businesses. This adaptability reflects strong managerial foresight and capability.
Financial Performance: In FY2022, Bajaj Finance recorded a 29% growth in assets under management (AUM) and a 59% growth in profit after tax on a consolidated basis. The company managed to achieve this impressive growth despite disruptions in business and elevated credit costs.
Capital Adequacy and Risk Management: Bajaj Finance remains well-capitalized with a capital-to-risk weighted asset ratio (CRAR) of 27.22% as of March 31, 2022. This is among the best for large NBFCs in India. The company's robust risk management practices have resulted in a strong portfolio quality, with Gross NPA at 1.60% and Net NPA at 0.68%, among the lowest in the industry.
Operational Efficiency: The company's operational efficiency is highlighted by its diverse customer base, digital transformation, and omnichannel strategy. This approach has enhanced customer experience and contributed to business growth.
Economic Moat:
Market Position and Sectoral Importance: As an NBFC, Bajaj Finance has become an integral part of India's financial sector. Its assets, worth more than ₹54 lakh crore as of March 31, 2021, constitute about 25% of the balance sheet size of the banking sector.
Rapid Asset Growth: Over the last five years, NBFCs' assets have grown at a cumulative average growth rate of 17.9%, with Bajaj Finance being a key contributor.
Customer Expansion: Bajaj Finance's customer franchise grew significantly, adding 2.21 million new customers in Q4FY22 alone. This growth in customer base is a testament to the company's strong market penetration and customer retention strategies.
Diversification and Innovation: The company has diversified its product offerings and continued to innovate, leveraging its understanding of regional dynamics and customer preferences. This diversification has enabled it to tap into various market segments effectively.
Strengths and Weaknesses:
Strengths:
High growth rates anticipated by analysts in the coming years.
High profitability due to outperforming net margins.
Frequent upward revisions of sales forecasts.
Strong analyst recommendations and upwardly revised price targets.
Weaknesses:
High valuations in earnings multiples.
High valuation levels compared to the size of its balance sheet.
Limited generosity in shareholder compensation.
Conclusion
In summary, Bajaj Finance Ltd demonstrates strong management quality characterized by strategic growth initiatives, robust financial performance, and effective risk management. Its economic moat is underpinned by its significant market position, rapid asset growth, customer expansion, and product diversification. The company's strengths in maintaining high profitability and adapting to market changes are counterbalanced by concerns about its high valuation levels and shareholder compensation policies.
Bajaj Finance Ltd ₹ 7,259 Nice Breakout :-3Take Fayda of bad news
Bajaj Finance Ltd
Bajaj Finance is mainly engaged in the business of lending.
Amongst Largest NBFCs in India
Bajaj Finance (BFL) started its journey in the year 1987 as a vehicle financing company and now is one of the largest and most diversified NBFCs in India. During FY22, AUM increased by 29% to Rs. 197,452 crores.
Market Cap ₹ 4,48,431 Cr.
Current Price ₹ 7,259
High / Low ₹ 8,192 / 5,486
Stock P/E 38.9
Book Value ₹ 925
Dividend Yield 0.41 %
ROCE 12.3 %
ROE 22.0 %
Face Value ₹ 2.00
