Stock of the day : Bajaj Finserv Ltd For Target Rs. 50 - Religare Broking
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Bajaj Finserv Ltd
* BAJAJFINSV has been under pressure after hitting the 52 week high levels forming lower highs and lows.
* It has witnessed a breakdown from flag price pattern indicates bearish tone to continue.
* It has closed below all its key moving averages adding further confirmation.
* We thus recommend creating shorts through the Put option.
Buy 1560 PE Bajaj Finserv Ltd CMP 30.05; Range 29-31; SL 20; Target 50
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SEBI Registration number is INZ000174330
