Rocky_Chow

Rocky_Chow

There is no point at all in looking at short term time frames in this company given the deep breakdown in its chart structure and deteriorating fundamentals... if at all there would be recovery it is going to be long term... it is still early days but i am seeing a formation of a giant cup structure in the monthly charts and targets are simply based on that.......

Rocky_Chow

Bajaj Electricals has seen a sharp breakdown since the Budget day as has other consumer durables, however todays move shows a probable V shape short term recovery as it has also come with huge volumes and a recovery from extreme RSI downside as well... tomorrows data may confirm or dispel this pattern..historically, in the daily charts this recovery has been seen...