Bajaj Finance (BAJFINANCE) has broken out
Bajaj Finance (BAJFINANCE) has broken out of a symmetrical triangle pattern, indicating a bullish breakout with strong volume. The price is trading above the 21-day EMA, suggesting continued upward momentum. The RSI is above 70, signaling strong buying pressure, but it may also suggest the stock is nearing an overbought zone. Considering the positive momentum, a buy can be recommended with a stop loss around ₹7,150 to manage downside risk, as this level coincides with the 21-day EMA and previous support levels.
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