The stock has given a breakout with comparitively huge vols after making an inverted head and shoulder ( bullish ) pattern during Apr -July 2010. As you see on the charts there is a clear inverted head and shoulder pattern that was formed during past 3 months. Buy Bajaj Elec on dips to 235-238 with a stoploss of 225 and look for targets of 255/275 in short term..
Have a nice trading day
Regards
Ankit
No comments:
Post a Comment