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.
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.
the current down swing is happening in just 28 thousand share transactions..
whihc is very less compared to the previous volumes of the swing,
seems like absorption is almost complete
with broader market indices at all time high, its bit of a concern when the trend on the upside is really going to start, unless some correction happens in the broader...
#Q1WITHRS #BAJAJCORP chart Indicating company will post inline result or small improvement in result in comparison of last quarter.
#Resultlevels stock will trade in range 440 to 400 and stock will hit high quickly after result and than face resistance and move down.