Bajaj finance has broken long term trendline drawn right from 2008-2009 lows. It is close to its 200 WMA of around 5250. AVWAP from 2020 lows gives an objective of 4500 levels. If 4500 levels are breached, then next objective will be 2900-3000 levels which is given by AVWAP drawn from 2008-2009 lows and the same was respected during March 2020 lows. Can it get there? No one knows, but they are best levels to accumulate.
Another possibility is that it can remain sideways between 5200-8000 levels for a good amount of time.
Another possibility is that it can remain sideways between 5200-8000 levels for a good amount of time.