Stock of the day : Buy Bajaj Finance Ltd For Target Rs. 270 - Religare Broking
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Bajaj Finance Ltd
* Bajaj Finance has been trading in a broader consolidation range i.e. 5500- 7850 zone for almost two years.
* After retesting the upper band early July, it has retraced marginally towards the short term moving average and also filled the gap too.
* The recent price action coupled with positive momentum in financial pack indicates a gradual recovery towards the previous swing high.
* We thus advise creating fresh longs in the mentioned zone
Buy Bajaj Finance Ltd CMP 159.80; Range 155-165; SL 105; Target 270
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