This coincided with the violation of the key short-term moving average of 20-day exponential moving average , which is now acting as a sturdy wall.
We may see this corrective move extend to 17,450 first and if things worsen, then 17,200–17,000 cannot be ruled out.
Now, it has finally started to cut loose, as we have witnessed a series of volume-based buying since early October.
On November 3, the stock gave a solid bump up to resume its recent uptrend.
Bajaj Fin-Twins have been among the rank outperformers over the past decade or so.
In addition, the ‘RSI-Smoothened’ oscillator has confirmed a negative crossover, indicating some corrective moves in the coming days.