Bajaj Corp-Early in Wave 5 with 360 Critical Support- Target 570

In Last Update- ABCD pattern worked its magic & we got 2 back to back trades - going long in the zone 420-423 for 435-440 Then Dropping from 435-440 to 395 - Isn't Amazing!

Since Feb2011 lows of 73.40 - It has travelled in impulsive manner & completed choppy Intermediate wave-4 at 360 lows- which will be critical support for our next set of upside target initially 435-440 & cross of 440 -we shall come back.

Long Term Investment
We shall look for 570 where wave 1 equals wave 5 -which is the long term target & minimum expectation in 5-6 months.

Previous Update- Rocks from 435 to 395 WHat a slip

Trade active:

07:21 Hrs 26th April2017

Last Price@403

We trail our stoploss below 380 from 360 which was critical support as stated in the main update.

Against 360 lows - It made recent low@384 & bounced - Moving next above 407 it should head in the desired direction.