smartfinbiz

Bajaj Finserv in a buy zone

Long
NSE:BAJAJFINSV   BAJAJ FINSERV LTD
Bajaj finserv is showing a good strength with support of RSI and huge volume addition in weekly time frame.
OI builtup shows that PUT writers are aggressively making their new position and CALL writers are closing their position.
RSI strength, volume addition, OI builtup showing Bullish indication on this stock.
8800 to 9100 this is a strong resistance level if fail to break this level and fall down side so we can expect downside upto 7800 to 7400 as a strong support level .
Trade closed: target reached: Up side target achieved.☺
Now there is a weakness into price & if price fail to sustain above 8600 level, it will fall deep down side up to 8500-8400, at this level there is seems a good setup for price action.