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HDFC, Bajaj Finance: Trading strategies for Bajaj, HDFC twins

Unless major resistances are crossed, both the HDFC and Bajaj twins are likely to face selling pressure on up moves

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Technically, resistances act as selling pressure

Avdhut Bagkar Mumbai

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Share of HDFC twins are in spotlight following the MSCI concluded an outflow of approximately Rs 2,000 in the largest private bank, the HDFC Bank. Similarly, Bajaj twins drew attention after both Bajaj Finance and Bajaj Finserv exceeded their previous monthly highs, with robust volumes.

On Wednesday, shares of Bajaj twins were seen trading in green, despite benchmark indices encountered a negative volatile session. HDFC twins were seen trading in red.

Here’s the technical outlook of HDFC and Bajaj twins for upcoming sessions:- 

Bajaj Finserv Ltd (BAJAJFINSV)
Outlook: Needs to conquer the 200-DMA

While the shares of Bajaj Finserv have decisively crossed the 50-day moving

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