BAJAJ FINANCE- Consistent Compounder getting ready for comeback?
SYMBOL - BAJFINANCE
Bajaj Finance is one among India's the biggest NBFCs. This stock has been a consistent compounder.
This stock is currently trading in a support zone of 6500 level. This area is a major support zone for Bajaj Finance.
This is a good time to invest in it as long term investment. This stock is a blue chip compounder stock. It has made & It will make a lot of wealth to long term investors in long run.
There is also a trading opportunity. As this stock is in a good support zone, I have made a long position in far month futures today around CMP 6555. I will add more longs if getting 6500-6450 levels. My stoploss would be below 6400 & targets would be 6880-7200 & 7420.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment/trading position. You can track it for educational purposes. Thanks!
Bajaj Finance is one among India's the biggest NBFCs. This stock has been a consistent compounder.
This stock is currently trading in a support zone of 6500 level. This area is a major support zone for Bajaj Finance.
This is a good time to invest in it as long term investment. This stock is a blue chip compounder stock. It has made & It will make a lot of wealth to long term investors in long run.
There is also a trading opportunity. As this stock is in a good support zone, I have made a long position in far month futures today around CMP 6555. I will add more longs if getting 6500-6450 levels. My stoploss would be below 6400 & targets would be 6880-7200 & 7420.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment/trading position. You can track it for educational purposes. Thanks!
تم فتح الصفقة:
CMP 6630
80 rupees in profit.
Long position still open & SL is protected.
80 rupees in profit.
Long position still open & SL is protected.
تم فتح الصفقة:
CMP 6650
100 rupees in profit.
100 rupees in profit.
تم فتح الصفقة:
Still trading at 6630-6660 range.
Expecting a breakout very soon which will take it to 6800-6900.
Expecting a breakout very soon which will take it to 6800-6900.
تم فتح الصفقة:
CMP 6800
250 rupees in profit.
250 rupees in profit.
أغلقت الصفقة: تم الوصول للهدف
أغلقت الصفقة: تم الوصول للهدف:
CMP 7340
850 rupees ~ 13% move captured.
Swing trade target reached.
850 rupees ~ 13% move captured.
Swing trade target reached.