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BAJFINANCE - Bajaj Finance News Story

₹3243.85 -59.2  -1.8%

Last Trade - 11:29am

Sector
Financials
Size
Large Cap
Market Cap £21.04bn
Enterprise Value £32.39bn
Revenue £2.89bn
Position in Universe 12th / 3010

BUZZ-India's Bajaj Finance breaks resistance at 2168 rupees, may test 2325 - technicals

Wed 10th October, 2018 5:54am
** Shares of non-banking financial company (NBFC) Bajaj
Finance Ltd  BJFN.NS  rise as much as 9.08 pct to 2248 rupees
    ** India's NBFCs rise on Wednesday as SBI raises its target
to buy "good quality" asset portfolios from NBFCs  urn:newsml:reuters.com:*:nL4N1WQ1Y5
    ** Stock breaks above a resistance at 2167.5 rupees, the
23.6 pct Fibonacci retracement level of the downtrend from Aug.
29 high to Oct. 8 low (Wave A) https://reut.rs/2OjS9zh
    ** Stock also breaks above its 200-day exponential moving
average
    ** Breakout suggests, stock may rise up to the next
resistance at 2,325.45 rupees, the 38.2 pct retracement level
    ** Stock down 24.9 pct in the last one month as of Tuesday's
close, compared with the broader NSE Index's  .NSEI  11.11 pct
fall in the same period  

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