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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
BAJAJ AUTO - BUY
CMP: Rs 2,874.65
TARGET: Rs 3,120
STOP LOSS: Rs 2,820
The stock has made a higher bottom formation in the daily chart and is in a trending mode and now the positive candle formed indicates further strength and potential to rally upward to scale new heights. The RSI indicator has made a steep rise and also has made a trend reversal signaling a buy in the stock. With good volume participation, we recommend a buy in this
BAJAJ AUTO - BUY
CMP: Rs 2,874.65
TARGET: Rs 3,120
STOP LOSS: Rs 2,820
The stock has made a higher bottom formation in the daily chart and is in a trending mode and now the positive candle formed indicates further strength and potential to rally upward to scale new heights. The RSI indicator has made a steep rise and also has made a trend reversal signaling a buy in the stock. With good volume participation, we recommend a buy in this
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