bajaj group stock, this stock of Bajaj Group rose by 6%, made investors rich – this bajaj group stock soars 6 percent is this the beginning of a major bull run?
[ad_1]
If we talk about the stock, its shares became a rocket on Monday. The stock gained 6%. Strong buying sentiment was seen in the company’s stock. The stock rose to its highest level in six months. The stock has recorded a volume of around 1.8 Lakh so far, which is higher than its 10- and 30-day average volume. The stock is trading above all its major moving averages. Notably, the 20-DMA has crossed the 50-DMA, which is a positive sign for the stock.
On the other hand, rebounding was seen in the daily 14-period RSI. Showing positive signs based on the nine-period average and super bullish territory. The Daily MACD is pointing northeast, holding above its nine-period moving average. That is, positive strength is being seen in this stock. The trend strength indicator, Average Directional Index (ADX) is at 31.67, which shows strength. Similarly ADX is in up-trending mode. +DI is much higher than -DI. This structure is giving a bullish signal for the stock.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)
[ad_2]
Source link
