Expect Bajaj Finance to test Rs 5800, says Shubham Agarwal

Shubham Agarwal of Motilal Oswal Securities told CNBC-TV18, "If you look at the daily chart of Bajaj Finance, there is a continuation pattern that has been formed after a long consolidation and a breakout happened earlier. So, this gives us more cushion that the uptrend that is there will continue and Rs 5,800 is what we expect. So, this is more of a trading call for 5-6 percent kind of an upside. The level of Rs 5,800 is what we expect and a stop loss can be kept at Rs 5,380."At 13:11 hrs Bajaj Finance was quoting at Rs 5,500.10, up Rs 61.70, or 1.13 percent. It has touched an intraday high of Rs 5,514.05 and an intraday low of Rs 5,408.70.