Trade Idea of The Day - Bajaj Auto Ltd Target Rs.164

2026-02-19 11:18:50 am | Source: Religare Broking Ltd

Trade Idea of The Day - Bajaj Auto Ltd Target Rs.164 - Religare Broking Ltd

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Bajaj Auto Ltd

BUY 24 FEB 10000 CE SELL 24 FEB 10500 CE Entry Range 78 - 82 Target Range 164 Stop Loss 38

Rationale

* Bajaj Auto is showing renewed buying interest amid strong auto sector momentum, with price trending higher and forming a base-on-base structure after a reversal breakout.

* On the weekly chart, the stock has created a fresh buying pivot by breaking out of a tight consolidation range and continues to hold above key moving averages.

* The overall chart setup combined with noticeable surge in the open interest(OI) indicates steady accumulation and supports a constructive near-term uptrend. Traders may consider creating a bull call spread within the specified range

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Trade Idea of The Day - Bajaj Auto Ltd Target Rs.164 - Religare Broking Ltd

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