Bajaj Finance Breaks All-Time High After 2+ Years: What’s Next.?

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Bajaj Finance has surpassed its previous all-time high of 8,080 rupees, fueled by robust buying activity amidst optimistic projections of rising consumer demand and a potential reduction in RBI interest rates. Traders may want to consider initiating a long position if the stock retests the 8,140 level. However, it is important to note that setting specific price targets may not be feasible at this time, as the stock is currently in a price discovery phase.

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Note

With the RBI policy announcement on February 7th, expect market volatility and ensure your stop losses are tight.