AbhishekHSinghCMT
Long

Bajaj Corp - Turning Right at the Top@522

NSE:BAJAJCORP   None
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

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Been a long term investor of this stock. i have accumulated this at various levels, and still holding and planning to continue for a very long term. Nice to see the analysis.
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@MuthiahM, Welcome.
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