Stock of the day : Bajaj Finance Ltd. For Target Rs.320 - Religare Broking
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Bajaj Finance Ltd
* BAJFINANCE has been underperforming the benchmark index and trading with the corrective bias for over 6 months.
* It has witnessed a decisive breakdown from the bearish flag pattern indicates bearish tone to continue.
* It failed to hold above the short term moving average i.e. 20 DEMA and now resuming its prior trend.
* We thus recommend creating shorts through the Put option
Buy Bajaj Finance Ltd CMP 224.75 Range 225-230 SL 185; Target 320
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SEBI Registration number is INZ000174330
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