Bearish wedge forming in Bajaj Finance indicates a bearish trend. The current 5% rise could be temporary. Short when price reaches 1980, take profit at 1500. Stop loss at 2100.
A normal pull back may or may not happen. The way global equity market is recovering, financial stocks can surprise in sharp upmoves. Above 2625 closing, shorts will be butchered and below 2265 closing ; current momentum shall fizzle off.
Bajfin is also a very volatile and high volume stock. Don't be too egoistic about your opinions. Follow the the momentum with SL n clear exit strategy.
rajat4uonly
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I just want to ask the analyst, on what basis you are suggesting a multibagger with CAGR of 66perc to fall below 1700 or 1800. Bears cant just gulp the market. A dip may certainly happen in subsequent quarters due to non covid historicals, but the risk reward ratio that put writers will get to hold it at 1800 say will be huge. But in such a operator driven stock, 1500 is as good as sun rising from the west. If you like to create sensationalism, better become an evening newspaper journalist which finds its place at tea shops and is mostly read by daily wagers.
taruncarrentals
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Wht u suggest
Y u say this
vivek79808
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Yes, within a month you will see bajaj finance at 1600-1650. Guarantee