When a stock is in a long-term range, it means that the price has been trading between a support level and a resistance level for a long period – typically months and even years, without any decisive breakout or breakdown in either direction.
A key Characteristic of a long-term range is that. The stock repeatedly tests the resistance level ( upper level of range) and support level ( lower level of range) but doesn’t break either side.
BAJAJ FINANCE
Headquartered in Pune, India. Bajaj Finance Limited is one of India’s leading non-banking financial companies (NBFCs), offering a wide range of consumer, SME, and commercial lending solutions. With a market capitalization of Rs. 5,38,876 crores, the stock is trading at Rs. 8,693. The breakout took place at the Price of Rs. 8.115.
KOTAK MAHINDRA BANK
Headquartered in Mumbai, India. Kotak Mahindra Bank is one of India’s leading private sector banks, offering a comprehensive range of banking and financial services to individuals, businesses, and corporations. With a market capitalization of Rs. 4,02,008 crores, the stock is trading at Rs. 2022. The breakout took place at the Price of Rs. 2,010.
Written By Abhishek Das
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