Bajaj Electricals

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Bajaj Electricals - Cmp 984

Looks good for long with sl 912 on closing basis.

Reason:
1. Favorable risk reward as near to major support area.
2. Hidden bullish divergence
Note
Has made high of 1060 so far.
Note
1188 high so far which is near our 2nd target of 1200. Trail the stop loss and hold.
Note
1245 high today - 2nd target done. Trail to 1170 on closing basis and hold.
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