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LKP Spade, Weekly Pick - Buy Bajaj Auto Ltd For Target Rs.3850 - LKP Securities
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Bajaj Auto:
* On the daily chart, the price has moved up after a consolidation which suggests a rise in optimism.
* The price has so far sustained above 50 EMA on the daily timeframe.
* The momentum indicator RSI (14) is in bullish crossover and rising on the daily timeframe.
Bajaj Auto Ltd BUY @ Rs. 3460-3490 Stop Loss Below Rs. 3369 CB Target Rs. 3850 Duration 1 Week
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