Stock is taking support near the 7325 level which is closer to the medium term DEMA of 50 days. Today (26 Oct) it opened at 7,695 which is close to yesterday's closing at 7,646. This 7,650 is a near term support level. Price is again attempting to give breakout above the near term DEMAs (10 and 20 days). The volume looks good and RSI bounced back from 50 level on the higher side. I think its again a good level to add Bajaj Finance if someone is already holding it. In near term the stock price may again test the 8000 level.
I also think due to the festive season this quarter is going to good for Bajaj Finance which largely operates in the FMEG category.
I also think due to the festive season this quarter is going to good for Bajaj Finance which largely operates in the FMEG category.