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Price and trend forecast of BAJAJFINSV for Tomorrow, Weekly, Monthly

Bajaj Finserv Limited

Symbol: NSE:BAJAJFINSV

ISIN: INE918I01026

1,698.65

As on 2024-04-12

1,306.55 (52W Low) 1,741.00 (52W High)

BAJAJFINSV's Today's Performance

Bajaj Finserv Limited started the day by opening at 1,700.00 today 2024-04-12. Its shares reached a high of 1,706.20 and dipped to a low of 1,689.55 in intraday. When the markets closed, BAJAJFINSV’s stock price settled at ₹1,698.65 per share. Also check out its key support and resistance levels.

BAJAJFINSV Buy/Sell Targets

Tomorrow, sell BAJAJFINSV when its price reaches ₹ 1,698.65 with a stop-loss order at ₹ 1,710.38. You can set the target price as ₹ 1,686.92 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of BAJAJFINSV for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for BAJAJFINSV

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,707
Tomorrow Resistance 2 1,715
Tomorrow Resistance 3 1,723

Important Supports for BAJAJFINSV

Support Levels Value in ₹
Tomorrow Support 1 1,690
Tomorrow Support 2 1,681
Tomorrow Support 3 1,673
Based on where the stock opens tomorrow, if BAJAJFINSV opens on a positive note, our first target will be ₹1,707. If Target 1 is achieved, we will aim for Target 2 which is ₹1,715.

But if BAJAJFINSV falls below the average value of ₹1,698.13, you can enter a sell side position with target number 1 - ₹1,690 and second target - ₹1,681 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of BAJAJFINSV

Looking at BAJAJFINSV, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, BAJAJFINSV has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BAJAJFINSV is moderate bullish.

Tomorrow's Volume based share price Forecast for BAJAJFINSV

BAJAJFINSV's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 26%.

Reversal detection for BAJAJFINSV

Predicted trend chart of BAJAJFINSV tomorrow for price forecast
BAJAJFINSV may trend may continue to be bearish since stock is making lower low and we can get target of ₹1707 in morning tomorrow
Target 1 tomorrow1704
Target 2 tomorrow1708
Target 3 tomorrow1715
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with BAJAJFINSV's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if BAJAJFINSV opens on a positive note, our first target will be ₹1,706.72. If Target 1 is achieved, we will aim for Target 2 which is ₹1,714.78.

But if BAJAJFINSV falls below the average value of ₹1,698.13, you can enter a sell side position with target number 1 - ₹1,690.07 and second target - ₹1,681.48

BAJAJFINSV's Weekly Targets
1st Up Target 1,718.82
2nd Up Target 1,738.98
1st Down Target 1,681.67
2nd Down Target 1,664.68

As the week for BAJAJFINSV ended on bullish sentiments, we can expect further continuation of this sentiment. BAJAJFINSV's initial target will be 1,718.82 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,681.67 in the upcoming week.

Weekly OHLC Values
Open 1,690.00
High 1,722.00
Low 1,684.85
Close 1,698.65

Week for BAJAJFINSV started with an open price of 1,690.00, and the close was at 1,698.65. BAJAJFINSV reached the highest of 1,722.00 and dipped lowest up to 1,684.85 last week. This indicates a bullish sentiment for the week.

BAJAJFINSV full month swing targets
Monthly Up Target 1 1,755.97
Monthly Up Target 2 1,776.13
Monthly Down Target 1 1,644.52
Monthly Down Target 2 1,590.38

Targets of ₹1,755.97 can be expected to be reached in the coming month. Once BAJAJFINSV achieved this target, we can aim for the next upside target of ₹1,776.13.

BAJAJFINSV if fails to hold upside, down targets of ₹1,644.52 and ₹1,590.38 can be achieved by end of this month.

For complete three weeks if BAJAJFINSV is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as BAJAJFINSV

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

BAJAJFINSV is expected to reach the target of 1,706.72 in tomorrow's trading session.

After achieving the initial target in BAJAJFINSV, we will aim for higher targets of 1,714.78 tomorrow.

However, if BAJAJFINSV starts to trade below ₹1,698.13, then we will shift our focus to the sell side and aim for down targets of 1,690.07 and 1,681.48.