bajaj auto is trading around 50 week ema which is supposed to be a good buy, it will show a strong support at 3591 which is 3 percent below and thus stoploss becoming 3575 , quite possible if market consolidates this week , price of this stock might available at that area for a small period of time but currently bajaj auto have immediate support at 3676-3680. as per the chart it is creating bullish shark patterns in longer time frame as well shorter time frame, watch this counter as any time a bounce back can be seen. upside target 1 will be 3781.9 and target 2 will be 3889. So, its a buy the deep strategy till 3591 this week.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.