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bajaj corp

Discussion in 'Technical Analysis' started by shwetagnema, Jan 24, 2013.

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  1. shwetagnema

    shwetagnema Active Member

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    this stock is trading at 243, it is a good buy from this level for the target 275. now about stoploss, i want to ask. the previous leg of W pattern lands at 230 after that the support point is at 210. looking this, should 210 be the SL or it is too low to keep a SL.
     
    shwetagnema, Jan 24, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Ideally 230 should be your stop.

    It has not formed W but a higher top higher bottom and so the stop loss should be the last bottom from where it just gave a breakout.
     
    shabbir, Jan 24, 2013
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  3. verenmitter2001

    verenmitter2001 Member

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    What's your view on bajaj corp with that big red candle formed today???


    veren
     
    verenmitter2001, Jan 24, 2013
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  4. shwetagnema

    shwetagnema Active Member

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    it can take support of 230 level. if it moves up from this level, it can be buy level for the target of 270. since it has not breached its long term trend, i am still positive about it. now this time, i think SL should be 210. Shabbir, what's your view on this?
     
    shwetagnema, Jan 25, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    Avoid long positions. Let it touch 230 and form a support and can think about it in the leg up.
     
    shabbir, Jan 25, 2013
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  6. krasquinha

    krasquinha Member

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    Hi Shabbir,

    Bajaj Corp tested 230 and closed positive with good volume. Is it a buy call now for the target of 280 ?

    Regards,
    Kiran
     
    krasquinha, Jan 25, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    I would still like to wait for couple more trading session.
     
    shabbir, Jan 26, 2013
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  8. shwetagnema

    shwetagnema Active Member

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    i'm not able to understand the pattern of bajaj corp. it is again and again testin 230 but not going up.....is it a sort of triangle pattern or what? Please guide.
     
    shwetagnema, Jan 31, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    230 is being held and so it is testing support and so if this is not cracked and then in break out would be big move.
     
    shabbir, Jan 31, 2013
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  10. vishuhd1

    vishuhd1 Member

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    Shabbir, can we add the bajaj corp to our multibagger stock list?.. This stock has performed exallently since Jan 11...
     
    vishuhd1, Jan 31, 2013
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  11. shabbir

    shabbir Administrator Staff Member

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    Yes and thanks for reminding.
     
    shabbir, Jan 31, 2013
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  12. krasquinha

    krasquinha Member

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    Hi Shabbir,

    Can I enter into this stock now. I did not see much volume though it closed positive ...

    Regards,
    Kiran
     
    krasquinha, Jan 31, 2013
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  13. shabbir

    shabbir Administrator Staff Member

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    At what levels you are planning to enter?
     
    shabbir, Jan 31, 2013
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  14. krasquinha

    krasquinha Member

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    at 243 , ST 230 Target 270 .. Please advise.

    regards,
    Kiran
     
    krasquinha, Jan 31, 2013
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  15. vishuhd1

    vishuhd1 Member

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    You are welcome Shabbir..
     
    vishuhd1, Jan 31, 2013
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  16. shabbir

    shabbir Administrator Staff Member

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    Yes looks good.
     
    shabbir, Feb 1, 2013
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  17. verenmitter2001

    verenmitter2001 Member

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    hi shabbir
    please tell why is bajaj corp looking good as what parameter is showing good as there is no clear indicator on chart except for the stock is in uptrend for long period... or probably i am not geting it right.
    regards
    Veren
     
    verenmitter2001, Feb 2, 2013
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  18. shabbir

    shabbir Administrator Staff Member

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    Long uptrend does mean it can form higher top higher bottom and also we can play on the anticipated break out pattern as well
     
    shabbir, Feb 2, 2013
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