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!

Trade aktif:

CMP 6630

80 rupees in profit.

Long position still open & SL is protected.

Trade aktif:

CMP 6650

100 rupees in profit.

Trade aktif:

Still trading at 6630-6660 range.

Expecting a breakout very soon which will take it to 6800-6900.

Trade aktif:

CMP 6800

250 rupees in profit.

Trading ditutup: target tercapai

Trading ditutup: target tercapai:

CMP 7340

850 rupees ~ 13% move captured.
Swing trade target reached.