NSE:BAJAJCON is working itself to reach the all time high. It has a great potential being an FMCG has good value yet to be unlocked and reflected in price of the stock.
I am confused if i can make an entry now.
It is making a rounding top and taking support from trend line.
cant take a call...if you can clear my doubt?
thanks
Vikas_Narayana
⋅
@Himalaya_Sudan, wait and observe. No need to jump the gun on this. There will be plenty of opportunities. See if the channel remains intact as I have drawn in here, if it gets rejected from the bottom of the channel and goes up one can think to make positions in it. Catching a falling knife is not advisable.
So yes, Wait and Observe.
It is making a rounding top and taking support from trend line.
cant take a call...if you can clear my doubt?
thanks