Bajaj Finance Ltd

NSE :BAJFINANCE   BSE :500034  Sector : Finance

On the daily chart, we can see that last trading session was bullish for the stock. Prices are moving on upside post breaking above V- Bottom pattern. A rising window came in view on the candles .9 days period Moving Average is acting as a brilliant support line and it is providing support at regular intervals. The 14 days Relative Strength Index (RSI) on the daily chart is 65.86, which indicates short -term buying opportunity.

If we take 1.618 projection of Fibonacci retracement then there is possibility of seeing the target of 5940 in near term, as long as 9 days EMA line stay intact on lower side.

Check More Analysis on BAJFINANCE at: Bajaj Finance Ltd

Mahanagar Gas Ltd

NSE :MGL   BSE :539957  Sector : Gas Distribution

The pattern analysis of the Daily chart shows that Mgl Ltd. is moving in the form of Double Bottom pattern. Stock has once again attempted to break out of the key resistance zone near 1190-1200 level today. A Bullish white body appeared on the candle. The formation of 9 days EMA and 20 days EMA crossover confirm the bullish trend on daily chart.

In short, the trend for MGL LTD seems to be bullish. A break above 1200 levels will indicate the more strength towards 1250 and then 1300 levels. This view is valid as long as 1130 stay protected on downside.

Check More Analysis on MGL at: Mahanagar Gas Ltd