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Published on 4/11/2020 10:56:59 AM | Source: Motilal Oswal Financial Services Ltd

Buy Bajaj Finance Ltd For Target Rs. 3650 - Motilal Oswal

Posted in Broking Firm Views - Short Term Report| #NBFC #Bajaj Finance Ltd. #Trading Report #Motilal Oswal Financial Services Ltd

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Technical Trading Idea

* Bajaj Finance gave a Symmetrical Traingle pattern breakout on daily chart and managed to close above the same. It also sustaining well above 50 DEMA and 200 DEMA, which is a positive sign for the counter. RSI oscillator is also giving breakout and moving northward, indicating strength in the price.

* Considering current chart structure, we advise traders to buy the stock for an up move towards 3650 levels with stop-loss of 3410.

 

Buy Bajaj Finance Ltd @ 2-3 Days CMP 3491 TGT 3650 SL 3410

 

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