Every once in a while a stock comes which tends to follow the waves to such accuracy that its hard not to take notice. Bajaj Financial services has come to our notice. It looks like we are riding on the extended 5th wave overall and still have some impulse sub-waves to take us all the way to 2020. Please feel free to comment your ideas on the stock.
ACC can be shorted because of a head and shoulder that's formed over a very long period. It can be shorted for a period of 3 months plus. THIS IS A LONG TERM TRADE. Its not meant for a short term period of time. It can be traded over a period of 3 months plus.
Dabur could go higher because of the ascending triangle formed on the charts. Even the 21 WMA is supporting it.
You could short it because 21 Weighted Moving Average is hitting the current candlestick and is now giving a bearish move. Its respecting the current downward trend line and you can expect it to fall more. You can keep the stop loss and target as mentioned over here.