Buy BAJAJHLDNG above 2998 with a short term holding target of 32
The stock broke out on the upside from its multiple resistance area of 2900-2978 and marked high at 3203. It suffered a throwback and pared all its gains. Presently, it has pulled back a bit and remains in a symmetrical triangle formation. Few signals have emerged which point towards likely resumption of up move. On-Balance Volume – OBV has formed a fresh high on both time frame charts which is bullish. RSI remains neutral. Weekly MACD stays in continuing buy mode. The Stock is seen improving its relative momentum and strength against general Markets.
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