Equity Tips Free TrialIndian Share Market TipsIndian Stock Market TipsRipples AdvisoryStock cash TipsStock cash Tips High accuracyStock tipsStock Trading Tips
Bajaj Finance hits over 6-month high
The chart suggests further upside
Shares of non-banking financial company Bajaj Finance Ltd gain as much as 2.59 percent to Rs 2,765, their highest since September 4, 2018.
Stock breaks above resistance at Rs 2,738.7, the 76.4 percent Fibonacci retracement level of the downtrend from August 29, 2018, high to October 8, 2018 low. A close above this 76.4 percent level may lead to further rise up to the next resistance at Rs 2,846.85, the 86.4 percent retracement level.
Stock's wave pattern suggests it is in the final wave of a five-wave uptrend. Price movement is confined to an ascending trend channel and prices are expected to rise unless the lower trendline of the channel is broken.
MACD is positive and above its signal line. Stock up 64.6 percent in the last year as of Tuesday's close, outperforming the broader NSE Index's 6.1 percent gains in the same period.
The stocks of Bajaj Finance was trading at Rs 2,737.20, higher by 1.60 percent
A Special Offer for a Special Season! Get Stock Cash Tips to start from 2 Days Free Trial Click Here- Stock Cash Trading Tips “We Provide Secure, and Smooth Deals You Can Trust”
0 comments
Note: only a member of this blog may post a comment.