Bajaj Finserv – weekly chart.
Stock formed a good VCP pattern for last 3 years. It has had a good break out recently along with making a 52 week high. Volumes have been strong.
Underlying business is still growing at > 25%. P/B compressed from 8 to 4 in period of last 3 years. Time correction seems to be over and the next move might resume from here.
Disc: trading position.
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