 "Mehul Kothari suggests going long on Bajaj Finance, Aditya Birla Fashion")
BUY ABFRL NEAR Rs 255 | TARGET: Rs 275 | STOP LOSS: Rs 245
First of all; the stock has entered an oversold zone after a corrective move of around three months. The weekly RSI is now at a multiple support zone and, historically, this has resulted in bullish reversal most of the time. At this point in time; the risk-reward looks good to go long. Thus, we advise traders to go long in the stock near Rs 255 with a stop loss of Rs 245.
BUY BAJFINANCE NEAR Rs 6,100 | TARGET: Rs 6,700 | STOP LOSS: Rs 5,750
Recently, the stock
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