Bajaj Finserv Ltd - 20.03.2023

Dear Followers,

Hi Folks. I am posting a Chart after a long time due to the regulatory issues in my country.

I have done the analysis on Bajaj Finserv Ltd - Daily Chart from 01.01.2022 - 20.03.2023

The stock has been in a continuous downtrend since past few months.

The daily chart have a Double Bottom @ 1246 levels which is considered a STRONG SUPPORT ZONE.

The Prices are below EMA. Let the prices go above 1339 to enter a long position

There is a Bullish Divergence in RSI which needs a tick up for further upside movement.

The stock will create a very good upside movement once it goes above 1339 levels

Watch out for the price action.

DISCLAIMER: Please be advised that this Chart is for educational purposes only and shall not be consideration as a Buy / Sell Recommendation.