BUY BAJAJFINSV with short term holding target of 5625

Peaking out in the month of September 2017, the stock has not made any significant gateway since then. Presently, it has formed a double top at 5440 levels and is attempting to break out of this formation. Weekly RSI marked a fresh 14-period high which is bullish . Weekly MACD has shown a positive crossover and it is now bullish while trading above its signal line. Though prices have closed above Bollinger Band on both Weekly and Daily Charts , some mild pullback inside the band is likely. However, the stock is showing strong undercurrent and we may see upward revision in prices over coming days.

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