Bajaj Finance Traded in August

Bajaj Finance_Buy 11 August 2017

The stock has gave a fantastic run from December 2016 ( CMP – 770 ) to August 2017 from ( CMP -1829 ).

The stock has created a life time high of 1829 on 8 August 2017 & then corrected with Nifty.

The stock was on my BUY list, but could not add up due to its run up as higher risk was involved buying at these levels. But corrections on 8 , 9, 10 August gave an opportunity to buy at lower levels.

on 11 August it opened down & then buying came….giving an fabulous opportunity that i pounce on.

Bajaj Finance Bought on 2 occasions.

1st BUY on 11 August 2017 CMP @ 1647.35

2nd QTY on 23 August 2017 CMP @ 1714

On 28 August, Bajaj Finance closed @ 1829.

generating a returns of  approx 10 % in 18 days.

Stop Loss hit on 8 September @ 1945. exited from the stock.

generating a returns of  approx 14 % in 30 days.

Note – Will track & try to re-enter on the lower levels.

 

 

Hi....I'm Founder of Icarus Wealth, Financial adviser, Positional Trader & trading coach. Very passionate about helping & empowering people to achieve their Financial freedom.

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