📌 Setup Overview:
Stock in a 4-year trading range 📊 and currently trading just below this range.
Cup and Handle formation ☕ along with a potential VCP setup (Volatility Contraction Pattern).
No left-side resistance—unlike stocks that fell 40-50%, there are fewer trapped buyers here.
Volume gradually increasing 📈, a necessary condition for a strong breakout.
Finance sector showing strength 💰—index is trading above key DMAs and broke out of a base first.
Stock is trading above key DMAs, adding technical confluence.
🎯 Trade Plan:
✅ Entry: Above ₹1,941 🔼
✅ Immediate Resistance: ₹2,035 (Watch Price Action at this level)
✅ Stop-Loss (SL - Closing Basis): ₹1,547.80 (20.29% below entry)
✅ Target (Tentative Positional): ₹2,510.30 🎯
📌 Risk-to-Reward (R:R) & Percentages:
SL Percentage: ~20.29%
Target Percentage (from ₹1,941): ~29.34%
R:R Ratio: 1:1.44
⚠️ Key Risks & Considerations:
1️⃣ Immediate Resistance at ₹2,035 – Monitor price action here. If rejected, wait for a re-entry after confirmation.
2️⃣ Deep Stop-Loss (~20%) – Adjust position sizing accordingly. Do not go all-in at once.
3️⃣ Market Structure: If broader markets remain weak, reassess if Bajaj Finserv is showing relative strength or struggling.
📌 Final Thoughts:
Wait for breakout confirmation above ₹1,941 with volume. 🚀
Monitor PA at ₹2,035—strong close above this strengthens the setup.
Stick to SL discipline and trail as stock moves higher.
📢 Disclaimer: This is for educational purposes only. Not financial advice. Always manage risk and do your own research before making any trades.
🚀 Trade smart & stay disciplined!
Stock in a 4-year trading range 📊 and currently trading just below this range.
Cup and Handle formation ☕ along with a potential VCP setup (Volatility Contraction Pattern).
No left-side resistance—unlike stocks that fell 40-50%, there are fewer trapped buyers here.
Volume gradually increasing 📈, a necessary condition for a strong breakout.
Finance sector showing strength 💰—index is trading above key DMAs and broke out of a base first.
Stock is trading above key DMAs, adding technical confluence.
🎯 Trade Plan:
✅ Entry: Above ₹1,941 🔼
✅ Immediate Resistance: ₹2,035 (Watch Price Action at this level)
✅ Stop-Loss (SL - Closing Basis): ₹1,547.80 (20.29% below entry)
✅ Target (Tentative Positional): ₹2,510.30 🎯
📌 Risk-to-Reward (R:R) & Percentages:
SL Percentage: ~20.29%
Target Percentage (from ₹1,941): ~29.34%
R:R Ratio: 1:1.44
⚠️ Key Risks & Considerations:
1️⃣ Immediate Resistance at ₹2,035 – Monitor price action here. If rejected, wait for a re-entry after confirmation.
2️⃣ Deep Stop-Loss (~20%) – Adjust position sizing accordingly. Do not go all-in at once.
3️⃣ Market Structure: If broader markets remain weak, reassess if Bajaj Finserv is showing relative strength or struggling.
📌 Final Thoughts:
Wait for breakout confirmation above ₹1,941 with volume. 🚀
Monitor PA at ₹2,035—strong close above this strengthens the setup.
Stick to SL discipline and trail as stock moves higher.
📢 Disclaimer: This is for educational purposes only. Not financial advice. Always manage risk and do your own research before making any trades.
🚀 Trade smart & stay disciplined!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.