Bajaj Finance - 8516 by 29 Oct. Bajaj Finance has been shooting up for the last two years. Just shows the power of organised lending business. I see this stock going to 8500 odd by the end of this month.
Just marking a couple of levels on the daily where the stock has been taking support(5925) and resistance(6223) multiple times now. We wait for a breakout on either side. A strong closing above or below these levels could trigger our entry but caution is advised as it's been stuck in this zone for a while now. Entry looks good with 1:3 being the minimum target....
Break down from the channel and get to retest
6000 possible within 3days and will be in range bound 5950-6250 just 300 points range
bounced from trendline support and psychological support
therefore, break out above 6300 target will 6700,6900 from fib A
at the same time, break down below 5900 target will be 5350
The stock is getting ready for a fresh breakout . Last two days price action has been positive and volumes are seems to expending accordingly other parameters like MACD and RSI are also looking good going ahead ago going ahead. A good move may be seen in this small resistance lies at 5750 above is the clear sky. 5200 seems to be a good support level. So one can...