As per chart analysis l'm expecting it can touch 8000 as a round level by the end of the September or 1st week of October but one things we should remember this stock is hugely out perform after COVID so book profit at 8000 level and it can do more of sustain above 8000. Trend line for you information and only education purpose.
Bajaj finance has given double breakout, one on daily basis and other on hourly basis, both breakouts are having good intensity of volume, as per wave structure it looks like 3rd of 3rd. all the indicators parameters are also aligned with positive situation, one can go long at these levels or in dips with key levels mentioned on chart
Key Levels are Mentioned on...
This stock is near brackout
Stock related information-
- higher delivery quantity.
- stock outperforming benchmark index.
- increased relative strength benchmark index.
-SRS & ARS Abow zero.
-5 EMA crossing 20 EMA below zero.
-MACD crossing abow zero line.
Note: Long for 15 days to 1 month for tp1 and tp2.
Bajaj Finance Ltd. operates as a non-banking financial company. It offers consumer finance, SME finance, commercial lending, and investment services. The company was founded on March 25, 1987 and is headquartered in Pune, India.