Sunday, January 16, 2011

Buy bujajauto with strict stoploss of ...

Bajajauto   Q3 Result  will be declared on 19 Feb
its daily chart is showing that all indicators are trading at highly oversold conditions ..
earlier  scrip was moved up when reaches at these levels ...Indicated by black vertical lines
closed at 1246 .80  
if market will trade in range or bounces from this level bajajauto will move up ...
upside short term positional targets   1367     1449    1555
stop loss   1234.00
only buy  and stay  in trade  if Nifty  trade positive ....avoid  if  nifty  is  in   red   ....
Decrease in open interest at fall is  indicating that  traders are not building new short positions in it ...


 30 mins chart is  showing that   scrip fell but macd is  climbing  ...which is  itself a trend reversal sign ...means macd is not supporting the fall ..

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