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Bajaj finance

Discussion in 'Technical Analysis' started by csnatu, Sep 7, 2012.

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  1. csnatu

    csnatu New Member

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    bajaj finance is making higher top and higher bottom. From Jan 12 it is almost doubled. Pl share your views.
     
    csnatu, Sep 7, 2012
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  2. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    you are right just in June it has gone below previous low but looking good if not breach 750 and also this is perfect example for resistance becoming support after break out.
    It could be buy @ cmp 783.35 with strict stop loss of 740 for anticipated breakout or for target of 870-885.
    Share ur views.
     

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    sanjay_sansanwal, Sep 7, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    I think we should wait and watch this stock to see if it does not break 740 because I think the sharp down will be followed by upswings or more down swings which are better observed from sidelines.

    Apart from that there will be some fakey in such big moves which at times we retail investors may panic
     
    shabbir, Sep 7, 2012
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  4. m_padmakumar

    m_padmakumar Member

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    Break out today wth more volume. Can we buy at CMP (1120) with stop loss 1040?

    Thanks
     
    m_padmakumar, Sep 17, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    Banks and finance will have a good going for couple of days because of rate cut by RBI and so should be a good bet.
     
    shabbir, Sep 18, 2012
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