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Published on 9/10/2019 10:33:33 AM | Source: Religare Securities Ltd

Buy Bajaj Auto Ltd For Target Rs.3050 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Bajaj Auto Ltd #Auto Sector #Trading Report #Religare Securities Ltd

Religare Super Ideas

Bajaj Auto Limited (BAJAJ-AUTO)

BAJAJ-AUTO has been rebounding for last two months after retesting the crucial support zone around 2450 levels. It has witnessed marginal dip and reached closer to the major support zone of multiple moving averages on daily chart, offering fresh buying opportunity. We thus suggest initiating fresh longs as per the given levels.

Recommendation

Buy Bajaj Auto Ltd @ 2870-2880 Stoploss 2790 Target 3050 CMP 2892.30

 

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