BHARATFIN share short term technical analysis
BHARATFIN share on last trading session closed at 735 with loss. On daily chart, BHARATFIN stock is in uptrend and hit its first short term target of 740 rupees. Stock made bottom around 500 in dec 2016 and then strong reversal plus short covering rally pushed stock above 605 level for bullish breakout. Above 740, next technical short term target comes around 893. Stock daily chart indicators are bullish but trending higher in overbought condition.
BHARATFIN share long term technical analysis
BHARATFIN stock on weekly chart, showing losses for the week. Stock weekly chart price trend and momentum both are bullish. On downside 668 rupee is major support zone and above it 2017 stock outlook will remain bullish for targets 870 and 1140 rupees. Weekly chart stock indicators are bullish and suggesting rally is just started so expect level up to 1140 till end of 2017. Weekly closing below 668 means long term trend falter and might start of fresh downtrend for targets 400 and below.
Bharat Financial Inclusion Ltd company description
Bharat Financial Inclusion Limited, formerly SKS Microfinance Limited, is a non-banking financial company-micro finance institution (NBFC-MFI). The Company is engaged in providing micro finance services to women in the rural areas of India enrolled as members and organized as Joint Liability Groups. In addition to its business of providing micro-credit, the Company uses its distribution channel to provide other financial products and services to the members. Programs in this regard primarily relate to providing of loans to the members for the purchase of mobile handsets, solar lamps, bicycle and sewing machines, among others. The Company provides door step delivery of its services through center meetings in villages. The Company offers loans mainly for income generating activities and not for personal consumption. The Company has presence across approximately 20 states, covering over 100,000 villages and catering to approximately 69.7 lakh women members.
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