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