Bajaj Corp - Turning Right at the Top@522
Hello All,
As per last update in April 2017 - suggested stock could be in early wave 5 - move was choppy from 360-400 zone -we expected 570's -it went to 525 & took a turn.
Note
Setting stops sometime is very tough as some stocks like bajaj corp they move in untidy way. Took our stops below 360 -hardly slipped to 340 & pushed upside.
Trading Strategy
Next Important Buying only above double top 522-525 zone. It can take years to move in the zone of 340 to 525 - so it is trapped in present scenario unless it starts moving above 525 highs which shall give some comfort to stock buyers.
Don't lose hope as it is a good stock.
Last Idea
Early in Wave 5 - At 350-360 Price Zone
As per last update in April 2017 - suggested stock could be in early wave 5 - move was choppy from 360-400 zone -we expected 570's -it went to 525 & took a turn.
Note
Setting stops sometime is very tough as some stocks like bajaj corp they move in untidy way. Took our stops below 360 -hardly slipped to 340 & pushed upside.
Trading Strategy
Next Important Buying only above double top 522-525 zone. It can take years to move in the zone of 340 to 525 - so it is trapped in present scenario unless it starts moving above 525 highs which shall give some comfort to stock buyers.
Don't lose hope as it is a good stock.
Last Idea
Early in Wave 5 - At 350-360 Price Zone
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.