Bajaj Finserv..what to do now?

Is there any hope in this stock...

I invested after news about buffet came in at 485 levels....

After that it went down ...But due to rbi rules not applying on IRDA lrelated companies.....As bajaj allianz dont have to pay market price for its share buying

And it went 10% down.....

I am looking to take position in any of bajaj companies except automobile as i have hero honda in my portfolio...

Which is the other company of bajaj from whom i can swap and get my cash back?

I guess price is following in perfect way. you could have read it properly. Ever since stock was listed in 2008 at around 600 rs, it fell to 100 rs. Now it has come back to 550 and fallen again to 400. Price reaction because many were stuck and also new investors, all tried to exit around listing price, that's why there was a big volume at 550 around in weekly chart.

As per weekly chart roughly 400 around is support. I do not know fundamental of the company. If it takes out all time high then it may do good.

My sense it may not do it now. You may have to go through a full cycle like it has done from listing to 550 around a few weeks back. This time cycle may be smaller.

Happy trading!