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Amit_Ghosh
Sep 7, 2018 8:49 AM

Bajaj Finance Weekend Strategy Long

BAJAJ FINANCE LTDNSE

Description

Long if it breaks the high of the previous day with a stop loss at the previous day's low.

Comment

Triggered today itself ;)

Trade closed: stop reached

Broke PDL. Tanked.
Comments
Aurva
It broke the PDL...should we exit if happens?
Amit_Ghosh
@SiddSiddhartha, YES.
Amit_Ghosh
@SiddSiddhartha, If it was some fundamentally undervalued stock, I would have hedged bro. But this is crazy expensive as of now. Why stay..
Aurva
@Amit_Ghosh, yes...makes sense to exit...thanks for your reply..:)
Amit_Ghosh
@SiddSiddhartha, Ya. But even if YesB is falling. One can keep and chill.
Aurva
@Amit_Ghosh, yes bank is just above my earlier buying price...if it goes down more ..i might add some more...:)

this is the first time i tried this "strategy"...i am more of a trend-follower...
with nifty also looking weak..expensive stocks like bajfinance will be the first victims for selloff ..:D
Amit_Ghosh
@SiddSiddhartha, This is low risk high reward strategy. Let it hit 10 stop loss. 1 will make it back.
RaviVidap
Sir, May i know what you mean by weekend strategy?
pk99133
Great call dear
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