 "Stock markets")
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BAJAJ AUTO - BUY
CMP: Rs 2,792.75
TARGET: Rs 3,000
STOP LOSS: Rs 2,680
The stock has made a lower bottom formation pattern in the daily chart and now has given a bullish candle with good volume participation. The RSI indicator recovering from the oversold zone has made a positive trend reversal signaling a buy. The stock for some time has been in a gradual correction mode and now has reversed its trend and we anticipate it to move upward
BAJAJ AUTO - BUY
CMP: Rs 2,792.75
TARGET: Rs 3,000
STOP LOSS: Rs 2,680
The stock has made a lower bottom formation pattern in the daily chart and now has given a bullish candle with good volume participation. The RSI indicator recovering from the oversold zone has made a positive trend reversal signaling a buy. The stock for some time has been in a gradual correction mode and now has reversed its trend and we anticipate it to move upward
