De also recommends ‘Buy’ on Bajaj Finance around Rs 980, with a target of Rs 1,050 and stop loss at Rs 944. The stock, currently trading at Rs 1,003.25, has staged a strong recovery from August lows of Rs 850 and is comfortably above its 21-EMA. However, De cautioned that RSI above 80 reflects overbought conditions, suggesting potential consolidation before the next leg higher.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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