As I said in the last post of mine, that Bajaj finance has a good setup and can look for a breakout. Today the stock has given breakout above the swing high level of 3556.85 and given a closed at 3658 levels almost 100 pts up. Price closed almost near to high of the day. To find out the resistance level, I have drawn Fibonacci retracement level on the weekly chart as per that 61.8 level has come to 3735 levels. We can Target 3735 levels. Bajaj Finance can be look for Intraday buy setup for tomorrow as well, Momentum should continue. Please find below Weekly as well as Daily chart for your reference.
Bajaj Finance Weekly Chart
Bajaj Finance Daily Chart
Cheers Sid

I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.


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