1) Breakout with volume -- Possible target 212
2) Trades at P/B-2.84 Price 212 wiill make trailling P/B be around 3x --
3) strong rural demand due to good monsoon and election season and USA president putting pressure on Fed to curtail rate increment will positively impact both demand and credit cost
BAJFINANCE (Bajaj Finance) Buy at 2765 with Stoploss of 2720 and Target of 2900.
BAJFINANCE is in an uptrend for a long time now. A Slight retracement is possible but the stoploss has to be kept on closing basis. Formed a Maribozu Bullish and ENGULFING BULLISH.
Trading has to be done after confirmation from your financial advisor only. We are NOT SEBI registered...
BAJFINANCE is a buy as its near Support zone. Buy BAJFINANCE at 2295 with stop-loss of 2245 and Target of 2395.
Consult your technical/financial advisor before buying the stock. We are NOT SEBI Registered. Any calls taken on technical analysis are subjected to ownership of yourself.