 "Ride this two-wheeler stock to make a handsome profit in the medium term")
BUY BAJAJ-AUTO | TARGET: 4065 | STOP LOSS: 3675
BAJAJ-AUTO is placed at a strong support zone near to its 200 DEMA, alongside the supporting trend-line of recent swing lows suggesting early signs of a trend reversal. In the last trading session, the stock has even settled above the mean of the Bollinger band (20, 2) affirming the up move in the counter for the coming future. Even from the point of risk-reward, the stock is suitably placed for investors to accumulate from a short-to-medium term perspective.
BUY COLPAL | TARGET: 1750 | STOP LOSS: 1600
COLPAL is in the cycle of higher highs higher lows on all time frames and is currently hovering near the clusters of its major exponential moving averages on the daily chart. The stock has seen a resurgence near its previous swing high zone and is expected to surge higher in the coming future. On the oscillator front, MACD is on the verge of providing positive crossover to its signal line affirming the bullish stance in the counter.
Osho Krishan is senior manager – equity research, Anand Rathi Shares & Stock Brokers. Views are his own. All stock prices in Rs
Osho Krishan is senior manager – equity research, Anand Rathi Shares & Stock Brokers. Views are his own. All stock prices in Rs
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%