Bajaj Finance Limited is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 7500 rupee.
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Positive volume balance shows that volume is
higher on days with rising prices than days
with falling prices. This indicates increasing
optimism among investors. RSI above 70
shows that the stock has strong positive
momentum in the short term. Investors have
steadily paid more to buy the stock, which
indicates increasing optimism and that the
price will continue to rise. However,
particularly for big stocks, high RSI may be a
sign that the stock is overbought and that
there is a chance of a reaction downwards.
The stock is overall assessed as technically
positive for the medium long term.
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