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Bajaj auto

Discussion in 'Technical Analysis' started by verenmitter2001, Mar 18, 2013.

  1. verenmitter2001

    verenmitter2001 Member

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    IT, Education & Ex-Army officer
    Hi shabbir
    What's your view on shorting bajaj below 1800

    Regards
    Veren
     
    verenmitter2001, Mar 18, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Should be a good shorting candidate
     
    shabbir, Mar 18, 2013
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  3. AjithaPriyasi

    AjithaPriyasi Member

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    Bounce back candidate... Correction of the height of H & S pattern seems to have completed.
    [​IMG]
     
    AjithaPriyasi, Nov 26, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    No I don't read that as correction over and it needs to form a consolidation pattern like may be a W or higher top higher bottom
     
    shabbir, Nov 27, 2013
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  5. AjithaPriyasi

    AjithaPriyasi Member

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    Shabbir,

    I was looking for a small uptick from retracement / 61.8.

    Regards,
    Ajitha

    [​IMG]
     
    AjithaPriyasi, Nov 27, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Yes but small uptick is not a signal of reversal of down trend and even if there would have been a pin bar, could have thought about it but there isn't
     
    shabbir, Nov 28, 2013
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  7. AjithaPriyasi

    AjithaPriyasi Member

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    Ok. Thanks.
     
    AjithaPriyasi, Nov 28, 2013
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