The weekly chart analysis indicates that stock is on the verge of forming a Bullish Engulfing pattern which is a positive development, says Hadrien Mendonca of IIFL.
Bajaj Finserv has been showing immense strength in the past four trading sessions and has finally broken out from a classic cup and handle pattern on the daily chart.
It has also managed to surpass its short as well as long-term moving averages. The weekly chart analysis indicates that stock is on the verge of forming a Bullish Engulfing pattern which is a positive development
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