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Bajaj Finance - Short Target 5700Stock is making triangle as part of cycle wave correction. Though will not achieve its desired target down, expected to fall to 5700 in about 47 days (CMP 7027, -18.8% fall). Swing traders will make it find support at 6536, which could be weak as that level was shortlived. Swing traders may also target 50% retracement of the current wave down to 6321 (-10% fall). If this wave becomes wave 2 of primary movement upwards, then it should fall to 6138 (-13% fall) following 61.8% retracement rule of wave 1. This current wave, demostrated all the powerful properties of wave C, and terminated with a perfectly making ending diagonal, making it an aptly fit candidate for the horizontal triangle, being the base theory. Turbulence areas - 5800 levels being a demand zone. I am targeting short to 5700 levels in about 47 days. Disclaimer : The views hereinabove are my personal views, for the sole objective of seeking comments from community on the analysis. Notwithstanding above, it should not be construed as any guidance, advice or offer to enter into any transaction or investment by the reader. The readers must consult their independent financial advisors before initiating or otherwise dealing with the security mentioned herein, without relying on the contents herein. The author shall not be responsible or liable, whether directly or indirectly, for any losses, pecuniary or otherwise, arising from the use of above analysis or information, whether to the reader hereof or any third party.
NSE:BAJFINANCEShort
by Gjain75
5
bajfinance SIP stock strategyPlease note that the following strategy is based on historical observations and should not be considered as financial advice. It is essential to backtest any strategy thoroughly and consult with a qualified financial advisor before making investment decisions. Based on historical analysis of Bajaj Finance's price movements, it appears that the stock tends to experience corrections of approximately 25%, 35%, and occasionally up to 65% from its recent highs. Subsequently, when the stock rebounds, it has demonstrated the potential to achieve gains exceeding 100%. With this in mind, here is a potential strategy: Buying Strategy: Allocate your first installment when the stock price is down by approximately 25% from its recent high or when the stochastic indicator with a 4,3,3 setting shows a value below 20. Determine an appropriate amount for this initial investment. Consider adding a second installment when the stock price is down by approximately 35% from its recent high or when the aforementioned indicator signals a buy opportunity similar to the first installment. If the stock experiences a substantial decline of around 60% from its recent high, consider adding a third and final installment to your position. Selling Strategy: Implement a sell strategy when the super trend indicator on the weekly chart generates a sell signal. Alternatively, if the stock price achieves a gain of more than 100% from your initial purchase price, consider selling 50% of your position while keeping the remaining portion for potential future gains. Please note that this strategy does not incorporate a specific stop-loss mechanism. It is advisable to assess your risk tolerance and consider implementing a stop-loss order to mitigate potential losses in the event of a significant price decline. It is crucial to conduct thorough backtesting of this strategy using historical data to assess its performance and consider factors such as transaction costs, market conditions, and individual risk preferences. Consult with a financial advisor or professional for a comprehensive evaluation of your investment approach. Declaration: The strategy mentioned above is based on historical observations and is provided for informational purposes only. It should not be considered as a professional analysis or recommendation to buy or sell any specific securities. Implementing this strategy involves risks, and any investment decision should be made after careful consideration of your financial situation, risk tolerance, and consultation with professionals. I bear no responsibility for any financial losses or consequences resulting from the use of this strategy.
NSE:BAJFINANCELong
by prince13amit
BAJFINACE Intraday Analysis: 19-Jun-23Bajfinace imp zones mentioned on chart, all reversal and expected move mentioned with Arrow line, RED: Sell, Green: Buy Sell< 7190 SL: 7220 Target : 7170,7130,7050 Buy>7220 SL: 7190 Target : 7240,7260,7290++ Wait for Proper Rejection on lower time fames at levels : @Support : Bullish @Resistance : Bearish Use SL trialing Method Kindly Support me via follow and like: Any query do ping us or require any specific stock analysis *All views for educational purpose only
NSE:BAJFINANCE
by ChandraBose2002
KHARID K BHUL JAO BAJAJ FINANCE KO CROREPATI YAHI BANAEGA APKO:)Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers. Market Cap ₹ 364,577 Cr. Current Price ₹ 6,022 High / Low ₹ 7,778 / 5,220 Stock P/E 33.8 Book Value ₹ 794 Dividend Yield 0.33 % ROCE 10.3 % ROE 17.5 % Face Value ₹ 2.00 Debt ₹ 183,273 Cr. EPS ₹ 178 PEG Ratio 1.10 Promoter holding 55.9 % Intrinsic Value ₹ 2,843 Pledged percentage 0.00 % EVEBITDA 20.6 Company has delivered good profit growth of 30.9% CAGR over last 5 years. This is my one of favorite stock from all my portfolio..i always accumulate this gem for long term..i have holding from down levels.and i am going to hold this for long term..Buy at current price and hold for 19-22% upside target in 2 to 3 months again behatreen stock for buy and forget type Aise stocks me mai stop loss to nahi lagata jitna niche ata h mai to kharidta hun,,lekin fir bhi maine chart dekhke stop loss 5550 ka lagane ka suggest kia hun qki trading k lie stop loss lgana jaruri h. Please dosto agar ap logo ko mera work pasand aye to like and follow me,. Thankyou,.
NSE:BAJFINANCELong
by TraderRahulPal
1