There are no items in your cart
Add More
Add More
| Item Details | Price | ||
|---|---|---|---|
Stock name: Bajaj Auto
Pattern: Near the resistance level
Time frame: Daily
Observation: Bajaj Auto has been trading in a range since October 2021. The stock is currently trading around the resistance levels and the price range is also contracting. If the price breaks the above resistance line, the stock can head higher. With the recent strength in the auto sector, this gives us an additional confluence.
You may add this to your watchlist to understand further price action.
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
News for the day:
1) Vedanta Limited is likely to have struck a direct transaction with Life Insurance Corporation of India (LIC) to raise Rs. 4,809 crores through 10-year bonds, multiple sources told Business Standard.
2) Oil prices rose about 1% in early trade today after the UAE’s energy minister said the nation is producing near capacity, countering expectations that it could help boost supply in a tight market. The UAE and Saudi Arabia have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity available to make up for lost Russian supply and weak output from other member nations.
3) BoB Financial Solutions, the credit-card arm of Bank of Baroda is seeking a strategic investor as it looks to capitalise on India's rising credit culture and increased penetration in smaller towns, CEO Shailendra Singh said. "We have grown in both sourcing and spends in the last four years. For example, in 2018 we used to issue just about 14,000 cards per month but just in the month of March, we issued 1,31,000 cards," he said. "In the last two years, we increased capacity by transferring to a new processing system and doing away with any manual intervention. We are now confident of issuing more than 100,000 cards each month.", he added.