bajaj finserv in oversold range good opportunity to buy
we can see rsi near by 40 and mfi below 30(oversold range) ,
in short term we can expect to go to 9300 in long term can go 10000+ as bajaj finserv may get banking license
we can see now price is currently at previous month low(december low) ,and in november also price traded at this range ,actually it is going sideways (consolidating) and bollinger bands contracted and we can clearly see accumulation is happening so can buy now and in short term can expect 9300 ,,,if banking license triggers it might go above 10000+ in long term
in bajaj group if banking license would be given it would be given to bajajfinserv only , and bajaj finserv is an 5 rupee share ,and in last 20-30 years banking license is not given to private compaines which have other businesses as there is rule that companies having other businesses should not be given banking license as they might misuse it for their own businesses lend loans to themselves but now government itself and rbi are coming forward to give banking license promoting banks in remote areas so they have decided to give license to private players and finserv has established all over india and will meet the criteria they are lend loans but if they get banking license they will have huge advantage as they can collect from people and lend loans at higher rates and benefits will come
in short term we can expect to go to 9300 in long term can go 10000+ as bajaj finserv may get banking license
we can see now price is currently at previous month low(december low) ,and in november also price traded at this range ,actually it is going sideways (consolidating) and bollinger bands contracted and we can clearly see accumulation is happening so can buy now and in short term can expect 9300 ,,,if banking license triggers it might go above 10000+ in long term
in bajaj group if banking license would be given it would be given to bajajfinserv only , and bajaj finserv is an 5 rupee share ,and in last 20-30 years banking license is not given to private compaines which have other businesses as there is rule that companies having other businesses should not be given banking license as they might misuse it for their own businesses lend loans to themselves but now government itself and rbi are coming forward to give banking license promoting banks in remote areas so they have decided to give license to private players and finserv has established all over india and will meet the criteria they are lend loans but if they get banking license they will have huge advantage as they can collect from people and lend loans at higher rates and benefits will come
Comment:
target met 10000+ can still go to 12000 in the long run but risky ,so can exit & buy bajaj holdings, for safe side
Comment:
12000 completed if banking license is approved will touch 16000 but cant see any news near by
Comment:
they are about to start mutual fund service which might take it too 16k but better book profits based on current market position idea closed