#BajajFinance
Chart which has closely mimicked the Nifty move since the start of October'21 correction, has made a higher swing high yesterday.
Nifty is yet to make higher swing high, but still looks promising.
More from Mayank Narula
I did this comparison between Aarti Drugs and Tata Elxsi back in Oct when Tata Elxsi was at 1200-1300. Now it is 4200+.
Here is one more stock displaying similar characteristics: Mayur Uniquoters.
#MayurUniq
Coming out of 7 years consolidation.
Weekly and monthly RSI crossing over 70.
Can it do what Aarti Drugs and Tata Elxsi did in last 1 year?
#MayurUniq
Monthly RSI crossed over 70 in Sep'09 and stayed till Sep'11.
Stock did 5x in that time.
Here is one more stock displaying similar characteristics: Mayur Uniquoters.
Spot the similarities here in the price action:#AARTIDRUGS
— Mayank Narula (@Mayank_Narula1) October 10, 2020
2013-2015: Monthly RSI goes over 70 and stock goes up 4-5x.
2015-2020: range consolidation
2020: repeat of 2013-15 in few months pic.twitter.com/53L2fNpJoM
#MayurUniq
Coming out of 7 years consolidation.
Weekly and monthly RSI crossing over 70.
Can it do what Aarti Drugs and Tata Elxsi did in last 1 year?
#MayurUniq
Monthly RSI crossed over 70 in Sep'09 and stayed till Sep'11.
Stock did 5x in that time.
More from Bajajfinancelongterm
Invalidation level can be brought up to 4900 also.. #BajajFinance
Was looking at #BajajFinance chart once again. I am not able to complete 5 waves yet...hmmm...\U0001f928
— Harsh / \ud5c8\uc26c (@_Harsh_Mehta_) June 17, 2022
As posted earlier, the drop is still 4th (invalidation below 4500).
And target still remains open for 10K+ https://t.co/DozJzNhuuI pic.twitter.com/jPRaEQoPH3