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Baja Auto But at current level

Discussion in 'Technical Analysis' started by chethankrc, Jun 16, 2014.

  1. chethankrc

    chethankrc Active Member

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    Buy Baja Auto at current levels 2203-2206.
    Stop loss 2170
    Target : 2250
     
    chethankrc, Jun 16, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    You are ready to loose 30 Rs for a 50 Rs gain and so that should be good trade but for me stop would be 2120 and so target becomes slightly higher.
     
    shabbir, Jun 16, 2014
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  3. chethankrc

    chethankrc Active Member

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    Yeah! You are right my stoploss is very close.
    Risk reward ratio is good.
    But it might hit stoploss before it again resumes the uptrend.
    Today bajaj closed below 2170 so my stoploss is hit.
     
    chethankrc, Jun 16, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    The stop loss should be the lowest point in the current upwave (W or higher top higher bottom)
     
    shabbir, Jun 17, 2014
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