Buy BAJFINANCE 6200 PE For Target Rs.240 - Religare Broking
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Bajaj Finance Ltd
* Mostly NBFC counters are reeling under pressure and BAJFINANCE is no exception.
* It has posted a fresh breakdown after struggling around its resistance zone of multiple moving averages on daily charts.
* The chart pattern and indicators are pointing towards a further slide ahead.
* We thus suggest initiating a fresh short position through the Put option.
Buy BAJFINANCE 6200 PE CMP 170; Range 150-160; SL 95; Target 240
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