Sunday, May 5, 2013

BAJAJ-AUTO: Wait and grab it, good opportunity for long.

Hi friends, last week i did not do well, three out of four stopped out and took our 1% each only OFSS has given the return of 6.5%, though accuracy was worst but account hasn't run into negative. Only relief for me. 

By the way, this week I have come out with BAJAJ-AUTO, it has a demand zone @ 1747-1795 as per daily chart, CMP 1807.5, but stop loss is too big, as per hourly chart there is an attractive demand zone of 1747-1770, therefore a stop loss of 1745 is an affordable risk, only Rs 25.00. Yes I mean to wait for take a long entry @ 1770 with a strict stop loss of 1745, for 5-7 days and for the target of 1884, 1936, 1968. Have a happy trading.