 "The stock of Shriram Transport Finance has corrected well recently and has bottomed out near the trendline support levels near 1250")
BUY BAJAJ AUTO | CMP: Rs 3,746 | Target: Rs 4,200-4,250 | Stop Loss: Rs 3,600
The stock has witnessed a decent correction from the peak of 4,300 and has bottomed out near 3,750 levels forming a higher bottom formation in the daily chart. The chart looks attractive with the RSI also improving the bias and indicating a trend reversal to signal a buy. We suggest to buy and accumulate this stock for an upside target of 4,250-4,350, keeping the stop loss of 3,600.
BUY SHRIRAM TRANS FINANCE | CMP: Rs 1,325 | Target: Rs 1,480-1,550 | Stop Loss: Rs
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