Thursday 23 February 2017

Bajaj Finserv - Technical Equity Pick - 24 Feb 2017

Bajaj Finserv (CMP - 3847.20)
Technical Equity Pick

Past 6 months' daily trend

Bajaj Finserv has been riding a bull continuously. We saw a fall November onwards due to the demonetisation affect, but it was back on track Jan onwards.

Trend suggests a target of 4200

Other Technicals - 

RSI(14) - Suggests buying
Moving Averages - Suggest Buying
William %R - Shows overbought position - indicating high demand


Formed a Three Black crow bearish Reversal on 9th Feb


Target - 4200


Stop Loss - 3700

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