BAJAJFINSV 16.07.2018 01:30PM

Bajaj Finservltd stock’s technical chart has taken the formation of “Rising channel” pattern in a daily time frame. As the last few sessions’ been bullish in trend making new highs in the market, where the same expected to continue once the market breaks above a key resistance zone near 6350. Such a break will increase the possibility of the contract rallying towards 6400-6450 in the upcoming sessions. Although an alternative scenario indicates that if the resistance holds too strong, then it might retest the same and revise to bearish momentum. A pushback from those level can drag the contract towards 6200-6100 levels. Key support holds at 6100.

Technical Chart:

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