Bajajfinsvlong — Trading Ideas on TradingView

Positional setup seems to be forming in Bajaj Finserv Positional setup in Bajaj Finserv is seen. It may take few weeks to reach the target. Cup and handle was recently confirmed. There is a possibility of positive move ahead. Note: This is not a trading recommendation. This analysis is for educational purposes only. We'll know in few weeks if the price moved as per the study. It is not advisable to go long when many market indices are still trending low.

Bajaj Finserv Ltd (ticker: BAJAJFINSV) Forecast The chart provided is a weekly candlestick chart for Bajaj Finserv Ltd (ticker: BAJAJFINSV) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Weekly - Data Range: From mid-2021 to mid-2024 Price Analysis: - Current Price: ₹1,601.70 - Price Movement: The stock has experienced significant volatility over the period, with notable highs and lows. - The price reached a high near ₹2,200 in mid-2021 and has since been in a downward consolidation pattern. Technical Patterns and Indicators: - Symmetrical Triangle: The stock appears to be forming a symmetrical triangle pattern, which is typically a continuation pattern. The price is converging between the upward trendline (support) and the downward trendline (resistance). - Upper Trendline Resistance: Around ₹1,734.30 - Lower Trendline Support: Near the major support zone around ₹1,323.15 to ₹1,350.00 - Major Support Zone: The area between ₹1,323.15 and ₹1,350.00 has acted as a significant support level in the past, preventing further decline. Key Levels and Future Projections: - Resistance Levels: - Immediate Resistance: Around ₹1,734.30 (upper trendline of the triangle) - Next Resistance: Around ₹1,841.60 - Major Resistance: Around ₹2,020.45 - Support Levels: - Immediate Support: The major support zone between ₹1,323.15 and ₹1,350.00 - Trendline Support: The upward trendline of the symmetrical triangle around the current price level Trade Setup: - Bullish Scenario: If the price breaks above the immediate resistance at ₹1,734.30 and sustains above this level, it could potentially move towards the next resistance levels at ₹1,841.60 and ₹2,020.45. This would confirm a breakout from the symmetrical triangle pattern. - Bearish Scenario: If the price fails to break above the immediate resistance and moves below the major support zone, it could indicate a potential downside towards the lower levels. Conclusion: The chart for Bajaj Finserv Ltd shows the stock in a consolidation phase within a symmetrical triangle pattern following a significant decline from mid-2021. Key levels to watch include the immediate resistance at ₹1,734.30 and the major support zone around ₹1,323.15 to ₹1,350.00. A breakout above ₹1,734.30 could signal a bullish move towards ₹1,841.60 and ₹2,020.45, while a failure to hold above the major support zone could indicate potential further downside. Traders should look for a confirmed breakout in either direction to make informed trading decisions.

BAJAJFINSV : Short Term View for Swing / Positional Trade www.tradingview.com BAJAJFINSV : After almost 12% correction, this stock is breaking out at upper side with off-course massive Volume support. While looking at mathematical price movement predictions, here are the HIGH, MEAN and LOW can be: HIGH = 2040 MEAN = 1793 LOW = 1295 While looking at chart, it shows the latest Fibonacci retracement of 61.8% tested. While it is still above the psychological mark of 50% retracement, the other confluence factor can support in our bullish view. If we look at RSI on daily timeframe again, it is touching the level of 60 which is a strong sign of fueling the bull. The current price is above the next psychological level of market which is 20-SMA. In addition, it is also making Falling Wedge on daily chart which is also a mark of bullish reversal. It is also a strong candidate of making 52w high and currently lagging with 5.4% from 52W high price. One can look for an opportunity for a swing or positional trade in it.

BAJAJFINSV Analysis the stock is trending upwards from long term... now price is reached the previous strong support...now acts as a resistance... yesterday a long rejection is observed from the same zone... on bottom we have seen, that a bullish gap left below... is this an exhaustion gap at resistance...price fall is going to happen. a strong move is observed from 1500 zone... If the previous resistance gives support it will reach top side... if the bottom side demand will pushes the price upwards...after reaching the zone look for buy at previous resistance... If demand gives support,previous resistance acts as resistance again falls.

Bajaj Finserv : Rising from the Demand zone BAJAJFINSV : taking support on this demand zone Multiple times and Rising >> Good Risk Reward Ratio >> Go for atleast 1:3 or 1:4 Trgts Happy Trading

BAJAJFINSV Trade setup Idea for 09 September, 2022 BAJAJFINSV has been holding well at the 17382 levels. We can go long if it crosses 17422 levels.There is not much of resistance beyond that level until 18200.