24-01-2024 10:49 AM | Source: Religare Broking Ltd
Stock of the day : Bajaj Finance Ltd For Target Rs. 340 - Religare Broking Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Bajaj Finance Ltd

* BAJFINANCE has been trading in the corrective phase from last more than 4 months.

* It has registered a breakdown from intermediate rising channel with noticeable surge in volumes.

* Stock has closed beneath its long term moving average i.e. 200 DEMA indicates weakness bearish tone to continue.

* We thus recommend creating shorts through the Put option.

BUY FEB 7000 PE Bajaj Finance Ltd CMP 224.95; Range 223-226 SL 170; Target 340

 

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer