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BAJFINANCE - Bajaj Finance News Story

₹3474.8 2.9  0.1%

Last Trade - 18/09/20

Sector
Financials
Size
Large Cap
Market Cap £21.85bn
Enterprise Value £33.06bn
Revenue £2.85bn
Position in Universe 13th / 3004

BUZZ-India's Bajaj Finance hits over 5-month high; technicals suggest further upside

Wed 4th April, 2018 5:47am
** Bajaj Finance Ltd BJFN.NS rises as much as 1.3 pct to 1,858 rupees, its highest since Oct 19, 2017 ** Stock breaks above a resistance at 1,800.4 rupees, the 23.6 pct Fibonacci projection level of the uptrend from Dec 22, 2016 low to Sep 7, 2017 high, suggesting a new uptrend for the stock has started https://reut.rs/2q2EhdZ ** Trend intensity (TI) indicator rising to 18 confirms the start of the new uptrend ** Stock's 20-day exponential moving average (EMA) also cut above its 50-day EMA last week, another bullish signal for the stock ** Breakout suggests stock may now move towards the next Fibonacci resistance at 1,979.3 rupees, the 38.2 pct projection level ** Stock up 4.4 pct so far this year as of Tuesday, compared with a fall of 2.7 pct for the NSE Index .NSEI <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Bajaj Finance Chart https://reut.rs/2q2EhdZ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra) ((gaurav.dogra@thomsonreuters.com;))
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