Shardul Kulkarni, senior technical analyst at Angel Broking told CNBC-TV18, “In Bajaj Auto there is weakness but the overall chart structure is a sideways chart. You see Rs 1860-1850 on the lower side is a good strong support and on the upside Rs 1970-1980 are resistance levels. So, stock is at the upper end of the band and it is right now correcting or it is consolidating."
"If it comes to around Rs 1860-1870 one can probably consider buy at those levels but definitely not at the current price. There is no trade setup which I can see as of now in case of Bajaj Auto," he added.
Disclosure: Analyst may have recommended the above stock to his clients.
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