Bajaj finance has had one of the best bull runs i have witnessed in the last few years, The stock has broken into new highs and there doesnt seem to be a stop on the horrizon for this stock or is it coming. Fundamentaly company is great and has had excellent earnings but that doesnt say much in terms of Stock Price. It is trading at over 58 P/E multiples and the charts indicate a parabolic growth in terms of Share Price. There is big divergence in terms of MACD and the RSI is at very high levels indicating its overbought.
My trade set up is as follows
Short Price : 2900
Stop Loss - 2910
Target Price : 2750 if it breaks then 2650, then 2500
On the otherside if it breaks 2910 go long for immediate target of 3000.
My trade set up is as follows
Short Price : 2900
Stop Loss - 2910
Target Price : 2750 if it breaks then 2650, then 2500
On the otherside if it breaks 2910 go long for immediate target of 3000.
Trade fermée: cible de profit atteinte:
Exited shorts at 2200