Bajaj Finance, TCS likely to resume upward trend, says Vaishali Parekh

Both the stocks seem to have bottomed out and select indicators on the charts have turned favourable for these stocks, says the technical analyst from Prabhudas Lilladher

BUY
BAJAJ FINANCE
CMP: Rs 7,579
TARGET: Rs 8,300-8,500
STOP LOSS: Rs 7,250

The stock has been in a rising trend since April 2021 and recently after a gradual correction and consolidation phase the stock has tested the base of the trendline support zone near Rs 7,400 levels and currently also has moved past the significant 50-EMA level to improve the bias. We anticipate further upside movement in the coming days and also with the RSI well placed with potential strength has indicated a positive bias. We suggest to buy and accumulate this stock for an upside target of