Chart Analysis & Trade Setup
Stock: Bajaj Finance Ltd (NSE)
Timeframe: 1W (Weekly Chart)
Technical Analysis:
Resistance Zone (Orange Region):
The price has faced multiple rejections in this zone historically.
The stock has now broken above this resistance, signaling a potential breakout.
Support Levels:
Purple Trendline: Long-term ascending trendline acting as dynamic support.
Blue Zones: These levels indicate past significant buying areas.
Breakout Confirmation:
Trade Plan:
Entry: Around ₹7,899 - ₹8,000, post-breakout confirmation.
Stop Loss (SL): Placed at ₹7,600 (below breakout zone).
Target: ₹10,000 (based on breakout projection and past price action).
Risk-to-Reward (RR) Ratio:
Target Gain: ₹2,000 (from ₹8,000 to ₹10,000)
Risk (SL): ₹400 (from ₹8,000 to ₹7,600)
RR Ratio: 5:1 (Favorable trade setup)
Expected Price Movement:
The price is expected to retest the breakout zone around ₹8,000 before moving higher.
If the retest holds, the stock may rally toward ₹9,200 - ₹10,000.
Stock: Bajaj Finance Ltd (NSE)
Timeframe: 1W (Weekly Chart)
Technical Analysis:
Resistance Zone (Orange Region):
The price has faced multiple rejections in this zone historically.
The stock has now broken above this resistance, signaling a potential breakout.
Support Levels:
Purple Trendline: Long-term ascending trendline acting as dynamic support.
Blue Zones: These levels indicate past significant buying areas.
Breakout Confirmation:
Trade Plan:
Entry: Around ₹7,899 - ₹8,000, post-breakout confirmation.
Stop Loss (SL): Placed at ₹7,600 (below breakout zone).
Target: ₹10,000 (based on breakout projection and past price action).
Risk-to-Reward (RR) Ratio:
Target Gain: ₹2,000 (from ₹8,000 to ₹10,000)
Risk (SL): ₹400 (from ₹8,000 to ₹7,600)
RR Ratio: 5:1 (Favorable trade setup)
Expected Price Movement:
The price is expected to retest the breakout zone around ₹8,000 before moving higher.
If the retest holds, the stock may rally toward ₹9,200 - ₹10,000.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.