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BAJFINANCE - Bajaj Finance News Story

₹3418.25 -39.2  -1.1%

Last Trade - 11:25am

Sector
Financials
Size
Large Cap
Market Cap £21.21bn
Enterprise Value £32.15bn
Revenue £2.78bn
Position in Universe 11th / 3000

BUZZ-India's Bajaj Finance at record high; chart points to more upside

Fri 18th October, 2019 6:21am
** Shares of Bajaj Finance Ltd  BJFN.NS  rise as much as
2.25% to a record high of 4,199.00 rupees
    ** Stock breaks above a resistance at 4,137.17 rupees, the
61.8% Fibonacci projection level of the uptrend from Aug. 10,
2018 to May. 7, 2019 https://tmsnrt.rs/2BieTa7
    ** Breakout suggests that, in a couple of days the stock may
rise up to the next resistance at 4,407.24 rupees, the 76.4%
projection level
    ** Wave pattern indicate that the stock is in the third
wave; typically the longest wave in a five-wave uptrend
    ** Stock had cut above it's parabolic SAR on Thursday, seen
favorable for further gains
    ** Trend intensity (TI) indicator rises to 28, which
suggests that the stock is in an uptrend
    ** Stock up 55.3% this year as of last close, is current
year's top gainer among NSE Index  .NSEI  companies. The NSE
Index  .NSEI  has gained 6.7% in the same period.    
    
NOTE: No information in this analysis should be considered as
being business, financial or legal advice. Each reader should
consult his or her own professional or other advisers for
business, financial or legal advice regarding the products
mentioned in the analyses.

 (Reporting by Gaurav Dogra)
 ((gaurav.dogra@thomsonreuters.com;))
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