Today's Top Gainer
Note:Top Gainer - Nifty 50 More
|Company||Bajaj Finance Ltd||
The stock is trading with a negative bias and has formed a bearish engulfing candlestick pattern on the weekly chart. It is also on the verge of giving a bearish Flag pattern breakdown on the daily chart. Tracking the derivative data points, the stock added fresh open interest along with a sharp decline in the underlying price, clearly indicating a buildup of short positions.
|Buy or Sell||Sell (July Future)|
|Stop Loss||Rs 3470|
|200 D-EMA||Rs 2918|
The stock is trading in a bullish higher top higher bottom chart structure since October 2018 and is on the verge of breaching its lifetime high placed at Rs255. Tracking the weekly chart, the stock has given a bullish continuation Ascending Triangle breakout, indicating a continuation of the current upward momentum.
|Buy or Sell||Buy (Cash)|
|Stop Loss||Rs 228|
|200 D-EMA||Rs 217|