BUY BAJAJ AUTO | CMP: Rs 3,829 | TARGET: Rs 4,300 | STOP LOSS: Rs 3,650
The stock has corrected well from the peak level of Rs 4,300 and is currently near the support zone of Rs 3,730. It has indicated a positive candle to improve the bias. The RSI suggests a trend reversal and potential to carry on with positive bias in the coming days. With the chart looking attractive, we suggest to buy and accumulate this stock for an upside target of Rs 4,300, keeping a stop loss of Rs 3,650. CLICK HERE FOR CHART
BUY M&M | CMP: Rs 743 | TARGET: Rs 820-850 | STOP LOSS: Rs 710
The stock has witnessed a gradual correction in recent times and has bottomed out near Rs 720 level, taking support, indicating a positive bullish candle pattern in the daily chart to improve the bias. The RSI indicator has also shown a trend reversal from the oversold zone and signalled a buy with the potential to rise further upside in the coming days. We suggest to buy and accumulate this stock for an upside target of Rs 820-850, keeping the stop loss of Rs 710. CLICK HERE FOR CHART
==========================================================
Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.
.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU