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Bajaj Auto breakout and beyond

sakar's picture
Submitted by sakar on December 5, 2009 - 12:15

Bajaj auto crossed previous high of 1665 with strong 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.


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