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.