Buy Bajaj Auto above Rs 1510: Aditya Birla Money

MUMBAI: Aditya Birla Money is of the view that Bajaj Auto has formed symmetrical triangle pattern on the intraday chart. It has advised to buy the stock above Rs 1510 levels.

“Bajaj Auto has formed symmetrical triangle pattern on the intraday chart and if the stock gives a bullish break out above Rs 1510 levels, then it can move towards Rs 1574 and Rs 1615 levels.

The stock has found a very good support at Rs 1480 and Rs 1475 levels. We recommend buying the stock above Rs 1510 with stop loss of Rs 1475 for the short term target of Rs 1574 and Rs 1615 levels,” the report said.