Market Trading Guide: Bajaj Auto, Asian Paints among 4 stock recommendations for

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Target Price: Rs 7,250

Stop Loss: Rs 6,330

The stock has indicated a higher low formation on the daily chart, taking support near 6,245 zone and has witnessed a decent pullback to improve the bias to anticipate further rise in the coming days. Technically, the overall trend is maintained strong and currently with the RSI cooling off from the overbought zone, is well placed and having indicated a trend reversal, has signalled a buy. The much upside potential has made the chart look attractive.

(Shiju Koothupalakkal, Technical Research Analyst, Prabhudas Lilladher)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



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