03 December 2009

BAJAJ AUTO BUY THE BREAKOUT


BAL crossed previous high of 1665 with very high volumes yesterday and maintained the breakout today by closing above 1665 and made a higher high and higher low indicating its bullish intentions. The stock has been showing good volumes earlier also and should show some very good up-move in the days to come. The medium term target of the stock as per fibonacci calculation is around 1830/1840.

No comments: