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Mehul Kothari recommends this strategy on Bajaj Finserv and LTTS

According to the technical analyst from Anand Rathi, Bajaj Finserve should be bought on rise above Rs 12,000, while one should consider buying LTTS on dips near Rs 3,000-mark.

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Mehul Kothari Mumbai
BAJAJFINSV
Buy only above Rs 12,000
Target: Rs 14,000
Stop Loss: Rs 11,000

At this juncture, BAJAJFINSV is seen hovering near the 50 per cent retracement of the entire rally which started from 2020 lows.

On the derivative front, we are witnessing one of the highest built up since OCT 2020. The stock was consolidating at the time of this built up and that indicates possibility of accumulation.

Thus, we advise traders to go long in BAJAJFINSV only above Rs 12,000 with a stop loss of Rs 11,000 for an upside target of Rs 14,000.

LTTS
Buy only on dips near Rs 3,000
Target: Rs 3,500
Stop Loss: Rs 2,750

Currently

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First Published: Jun 28 2022 | 7:52 AM IST

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