Rationale: Long build-up was seen in the Bajaj Fin Futures’ where we have seen 16 per cent (Prov) rise in the Open Interest with price rising by 5 per cent. The stock price has broken out on the daily chart with higher volumes Oscillators like RSI and MFI are showing strength in the current uptrend Plus DI is trading above minus DI while ADX line is placed above 20, Indicating momentum in the stock
Disclaimer: Nandish Shah is Technical Research Analyst at HDFC Securities. He doesn t hold any position in the stock. Views are personal. Dear Reader,
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