Shares of Bajaj Finance, country’s largest consumer finance company by market-cap, scaled their fresh all-time high of Rs 2,301.50 on Wednesday. Technical suggests a further upside in stock.

The stock broke above a resistance at Rs 2,268.5, the 61.8 per cent Fibonacci projection level of the uptrend from Dec 22, 2016 low to September 9, 2017 high.

Breakout suggests that stock may now move towards the next resistance at Rs 2,447.4, according to Reuters.

The scrip was trading 0.75 per cent up at Rs 2,287 at around 12.08 pm (IST). Shares of the company opened at Rs 2,285 and touched a high and low of Rs 2,301.50 and Rs 2,269.35, respectively, in trade so far.

Trend Intensity (TI) indicator rose to 33, suggesting stock is in a strong uptrend and MACD is positive and above its signal line, Reuters said.

With 29.25 per cent gains this year as of Tuesday's close, Bajaj Finance is the third biggest gainer among NSE Index companies in terms of percentage. Tech Mahindra and TCS jumped 38 per cent and 35, respectively, in 2018 so far.