Buy Bajaj Hindusthan between Rs 20.35 to Rs 19.80. Stoploss at Rs 18.50 :: HDFC Securities

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Observation  The stock is showing positive bias for the short term.  Price has completed sideways corrective leg at 18.15 and started to move up after good consolidation for about five weeks; medium term trend line has provided good support to the bulls.  Breakout has been witnessed with strong positive candle which is a good positive sign.  Price is trading above key short term moving averages.  The progressing rise could head towards earlier swings of 23.40 and 25.20 levels.  Traders could buy the stock between CMP to 19.80 with the stoploss of 18.50 on closing basis for the targets of 23.30 - 25.


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