Bajaj Housing Finance, Reliance & Kotak Mahindra:Is This The Right Time to Invest?

Greetings, fellow market enthusiasts!

As always, it was another profitable week for those who watched my pre-market YouTube videos. This is because the daily index analysis provided was beneficial for both option buyers and sellers. For those who missed it—well, what can I say? You’re missing out on some great analysis on stocks and indexes!

Speaking of analysis, today I will cover three stocks and one index. The article will cover Bajaj Housing Finance. While the YouTube video shared below analyses Reliance Industries (NS:RELI), Kotak Mahindra Bank (NS:KTKM), and Nifty Midcap. I covered these stocks via a video, as they require a slightly different approach due to their more intricate chart patterns. Additionally, I looked at Midcap Nifty because of its expiry. This is as I release a daily video analysing the index expiring that day. In these videos, I share some profitable expiry strategies for both option buyers and sellers.

Now, back to Bajaj Housing Finance. I am covering the stock as it was the subject of a recent video in which I shared my trading plan for it. And guess what? The stock’s performance is sticking to my analysis! Hence, in this article I will unveil the next step in our investment tango with Bajaj Housing Finance.

Coming to the future analysis. My view is that as long as the stock remains between Rs. 148 and Rs. 172, then it’s best to sit this one out. I say this as the stock’s trend catcher indicator is also flat, which indicates that within this zone there will be no clean price move. So as long as it is in this zone, entering it will only frustrate you while also trapping your capital, which will make you miss other opportunities.

So, what if you already hold the stock? I recommend setting a stop at Rs. 148. That is as a break below this level would be worrisome. This is as it could trigger a rapid descent towards the support zone of Rs. 125-130.

Should new investors consider the stock? For the fresh-faced investors out there, Bajaj Housing Finance only becomes bullish above Rs. 172. If that were to occur then the stock can have a quick rise to Rs. 193 and Rs. 215. On the other hand, if Bajaj Housing were to break the support at Rs. 148, then the stock would have a quick fall towards the support zone between Rs. 125 and Rs. 130.

The bottom line? Bajaj Housing Finance currently occupies a grey area best avoided. New investors should wait for a breakout above Rs. 172 before taking the plunge. Finally, do not forget to check out the YouTube video for the in-depth analysis of Reliance Industries and Kotak Mahindra Bank. Both offer fantastic money-making opportunities. And for those navigating the Nifty Midcap expiry, the video holds the key to unlocking successful trades. Remember, knowledge is power, and in the market, power translates into profit!

Happy trading!

NB: The link to the Youtube video I discussed above is: https://youtu.be/IKKNLeGDho4