Sudarshan Sukhani, s2analytics.com advises traders to buy Bajaj Auto on decline.
Sukhani told CNBC-TV18, “Bajaj Auto is a buying opportunity not immediately, once it stems its decline. I would be very hesitant recommending a short sell here. The stock has seen strong up trends earlier. The trade here is don’t do anything, whenever you see this decline coming to an end consider going long in it. The rally whenever it starts will be equally sharp.”
On March 14, Bajaj Auto closed at Rs 1,854.55, down Rs 38.85, or 2.05%. It has touched an intraday high of Rs 1,900 and an intraday low of Rs 1,845.40.
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