We recommend a buy in the stock of Bajaj Finserv at the current levels of Rs 8,706.6.
The stock, that has been in a strong bull run since the beginning of the year, faced a correction in the month of July and subsequently fell to ₹6,631. Weakness continued through the first half of the month of September and declined further to a low of ₹6,581.
Hence, traders with short-term and medium-term perspective can initiate long positions with stop-loss at ₹8,450. Potential targets are at ₹9,200 for the short-term and ₹9,600 for the medium-term.
Investors with a short term perspective can buy the stock of Bajaj Finserv.