Aarti Inds, Bajaj Auto, Sun Pharma: Top stock picks by Ajit Mishra

While Aarti Industries and Sun Pharma have been consolidating in a range and awaiting a breakout, Bajaj Auto seems to have given a breakout, says the technical analyst from Religare Broking

Aarti Industries Limited

Recommendation: Buy 

Last Close: Rs 932.50

Initiation range: Rs 930-935

Target: Rs 990

Stop loss: Rs 905

Aarti Industries has been consolidating in a range for the last two months after recording a new record high at Rs 960. The stock has formed a strong base around Rs 880 levels and currently inching towards the upper band. Indications are in the favor of breakout in near future.

Bajaj Auto Limited

Recommendation: Buy 

Last Close: Rs 3908.70

Initiation range: Rs 3890-3910

Target: Rs 4060

Stop loss: Rs 3830

Bajaj Auto has seen a breakout from a consolidation range of Rs 3680-3830 zone while holding strongly above the support