Sbin, Maruti and Bajaj Fianance, all our stocks have been doing very well from our last couple of posts here. If you recollect, We had entered SBIN around 150-155, it crossed 200 few days back. Its important to note that SBIN was actually one of the weakest heavy names in the Market for the last 2 months. And I mean, even through we had a big rally in Nifty, Sbin was a constant under performer even then. Still our analysis played Bang on !
The above Picture of the Sbin Monthly Chart shows exactly our entry point.
The Next one that we stuck out our next and posted was a bullish view on Nifty. We don’t mince words like some people on television or youtube who give large ranges of Nifty and play both sides of the coin. We still maintain our bullish view on Nifty and nothing changes in this untill 10400 gets taken out. The range from 9720 has moved higher. It is important to note that a break below 9720 will take us back into a downtrend, however a close below 10400 only takes us into sideways territory from being in an uptrend. Untill then, look only ahead
Another one that we kept on our radar was Bajaj Finance. We mentioned that once this stock sustains over 2500, we would get interested in buying it. If you notice the chart below, I have marked where Bajaj finance broke out and sustained over 2500, giving us 30% returns in less than 2 weeks, that is the power of doing right analysis.
The Above chart shows the same analysis on Bajaj Finance
Coming to the third point, we continue to hold on to Maruti for a bullish view and our tata motors trade that has already given multiple exits. Stay tuned for more !
