A GOOD 6 MONTHS LONG CONSOLIDATION AND ACCUMULATION BETWEEN 255 - 320 PRICE RANGE, BREAKOUT OF 320 THIS STOCK CAN EASILY SEE 390/400 LEVELS CONSIDERING THE RUN IN SMALL AND MIDCAP.
I HAVE ENTERED AT 290 LEVELS BUT WILL PYRAMID MORE ABOVE 320 FOR 400 TGTS
Today in the last hour of the market, Bajaj Auto had a breakout to fill the day's gap down opening.
Reason for the breakout was the entire day's bullish consolidation.
My bullish view is further continued in the stock.
The stock performed really well today. Despite a negative news of COVID cases in its largest manufacturing unit, it could still hold its uptrend...
Zee Entertainment Enterprises Limited (ZEEL - NSE) generated a buy signal on 28th May 2020. after studying the trend it looks like the stock is good to buy an hold for at least a week, i.e. till 8t June 2020. This stock has had a history of resistances and is now going to set a new one. NSE:ZEEL
posting it because someone asked me to do so on twitter!!!!
let it come to the levels where it would be a favOur able risk reward as it is always better to not to take a trade then to take a wrong trade ...
i can be wrong!