Chart Check: Bajaj Finance breaks out from double bottom pattern; should you buy or book profits?

Bajaj Finance’s stock price has broken out of the double bottom pattern on weekly charts, suggesting a rise towards the INR 7,600 level in the short term, according to experts. The experts recommend buying the stock now or on a dip down to INR 6,500 for short-term traders. The stock price is trading well above important short and long-term moving averages on daily charts, indicating bullish sentiment, but is also near overbought levels, suggesting a potential pullback.