Someone who bought this share in 2003 expecting better prospects but got stuck in 15 years cycle which it is passing through at present.
It is 2018 & you have already spent big part of your effort, patience & expectation in this stock since last 15 years & you are about to give up when good times could knock at your door soon.
One has to go through trouble of hardwork, pain & patience before they can take advantage of good days, even Lord Rama had to pass 14 years in pain & sufferings before he came back to his kingdom & ruled for rest of his life.
My suggestion to investors -Don’t give up so easily as every tunnel has the end.
Why I am saying this has following points which can lead to your happy days or end of the tunnel in which you have been travelling along with Vijaya Bank since last 15 years.
Vijaya Bank is in 15 years mega irregular triangle where B-Wave which ended @115 Highs above Wave –A.
Irregular Triangles are special structures where its second leg Wave -B can move above or below its starting leg in this case –starting leg is Wave -A which started from 76 Highs in April 2004 & was a complex wave itself divided into 3 parts- “circled wave abc” ending at Lows@20. Wave-B made new highs above 76 mark so it is known as Irregular Triangle.
Similarly, Larger Wave –B is also three part structure – “circled wave abc” & so on
We are in the final part –Larger Wave –E which is close to end or possibly may spend a year+ more before everything gets settled & possibly we may see a spurt or thrust soon from this 15 years Triangle taking to new highs above 115.
I assume when this happens you will feel blessed, best part about this stock is that we are most likely to see unwinding effect / uncoiling effect discussed in Edwards & Magee Book- Important Reversal Patterns
Stock has spent 15 years of exile as compared to other counterparts - Think of Lord Rama & Enjoy.
May Lord bless all of us.
We shall avoid buying this stock as if now -if it fails to hold 50 mark -going below 50 & holding below 50 it can attempt new lows below 40 mark in months ahead.
Wish you happy new year.