BAJAJFINSV trade ideas
bajajfinservebajaj finserve is in strong uptrend on weekly time frame ,the recent correction provides good entry with favorable risk reward ,can buy the counter with a strict stop loss of 6450 on closing basis for the targets of 7500 and 7850 in coming months,its a positional call. Please remember that stop loss is on closing basis and if its hit the scrip may consolidate at lower levels for few weeks.
Bajajfinsrv, ConsolidationAll big moves are generally followed up by a consolidation. This stock is in strong bull market and therefore it is justified that a phase of consolidation occurs. A breakout is possible on any day which will take the price to dizzy heights. A great stock indeed for long term bet.
BajajfinsvStrong uptrend (higher high and higher low). Price is correcting and creating a base (depicted by the horizontal line which can be used as the SL for going long) with the support of 50 DMA. Price is keeping above 5 DMA which also can be used as SL going long. It is expected that any time price may give a long leap.