Bajaj Corp - Turning Right at the Top@522
Hello All,
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.
Note
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.
Trading Strategy
Next Important Buying only above double top 522-525 zone. It can take years to move in the zone of 340 to 525 - so it is trapped in present scenario unless it starts moving above 525 highs which shall give some comfort to stock buyers.
Don't lose hope as it is a good stock.
Last Idea
Early in Wave 5 - At 350-360 Price Zone
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.
Note
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.
Trading Strategy
Next Important Buying only above double top 522-525 zone. It can take years to move in the zone of 340 to 525 - so it is trapped in present scenario unless it starts moving above 525 highs which shall give some comfort to stock buyers.
Don't lose hope as it is a good stock.
Last Idea
Early in Wave 5 - At 350-360 Price Zone
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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