I 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.
=>...
In 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 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...
Bajaj 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.
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?
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.
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.
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...
As 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.
The 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...
NSE: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,...
Take 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...
