BAJAJ FINSERV LTD.
Pembelian

#BAJAJFINSV

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Fundamentals:
* ROCE - 11.7%, ROE - 15.3%. Debt to Equity - 4.66 (Financial companies have higher debt considering debt is their inventory)
* EPS / Revenue - has been steadily increasing
* FIIs - Have reduced stake this quarter which has been picked up by DIIs and MFs
* Retail holding levels have gone down
* Promoter holding has remained steady
* Please note, the ROCE/ROE is not that great but this stock is a decent performer and tends to grow

Technicals:
* Cup and Handle in a larger consolidation phase which can lead to Phase 2
* Price is surfing the 10 DMA
* RS is strong / Momentum is picking up
* ADR is below 4 which can make this a slow moving stock
* On weekly chart, the price is extended beyond its 10 WEMA hence a cautious exposure is advised
* Price breached the 61.8% Fibo levels with strong volume and now retesting
* Low risk entry possible


Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite
Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.

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