Structural Transformation in BAJAJ FINANCE

Nov 18, 2018

Hi
BAJF took support near 1967 level and is forming higher lows and higher highs. It might taste 2453 again and then 2580. A closing above 2600 will take the stock to 2650, 2760 and 2870.
The 2233 low is still a potential higher low and will be confirmed above 2475.

Regards

Nov 21, 2018

Note

BAJF is trying to reach our first Target near 2450. If it manages to sustain above this level, I ll look for 30 more points to be added up in this trade.

The level 2344 is a decent level to put trailing stop for short term swing positions.

Nov 21, 2018

Note

U ll see a spike above 2475 only, due to short covering and breakout traders. Could plan some profit booking in such case.

Nov 22, 2018

Trade closed: target reached

T1 2453 reached.

Nov 27, 2018

Note

2344 trail was a nice level to fetch demand.
Above 2455 it LL have room to add 20 point.

Nov 29, 2018

Trade closed: target reached

2480 T2 hit. Trade closed.

Nov 29, 2018

Note

Indices are overextended in various aspects. It's cool bank some cash.