Foram_Chheda_CMT

BUY BAJAJFINSV with short term holding target of 5625

Long
NSE:BAJAJFINSV   BAJAJ FINSERV LTD
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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