A clear area for buyers (BAJFINANCE)

Feb 16, 2022

As you can see in the chart above that bajfinance seems to obey 50 week moving average. Apart from that bajfinance seems to stay around 20 Month moving average. Since there is pessimistic sentiments around this stock, the stock is bound to go down a little bit. But for long term buyers like me who want to add those shares, we should add them around 6400. I think this stock would consolidate for a while regardless of its record results, so dont expect immediate results. Regarding the competition, it is very real that competition has intensified. PAYTM and companies like those are trying to flank bajfinance. But there is no immediate threat to this company right now. Note that PAYTM directly compares itself with BAJFINANCE, which means they say that they could take away market from bajfinance and also affect their ambitions. Thus PAYTM is looking for trouble even when it is unprofitable. When you look for trouble you find trouble and the probability of you losing increases. Bajfinance knows threats to its business and it would take necessary action to keep their ambitions intact.