HanishT

Bajaj Electricals

Long
NSE:BAJAJELEC   BAJAJ ELECTRICALS
Bajaj Electricals - Cmp 984

Looks good for long with sl 912 on closing basis.

Reason:
1. Favorable risk reward as near to major support area .
2. Hidden bullish divergence
Comment: Has made high of 1060 so far.
Comment: 1188 high so far which is near our 2nd target of 1200. Trail the stop loss and hold.
Comment: 1245 high today - 2nd target done. Trail to 1170 on closing basis and hold.

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