Bajaj Ato results today we see it on weekly chart as per W.D. Gann trading System. Bajaj Ato has made a significant run in recent swing. Level of 7000 is very important in Gann terms.Or level on chat is 7004.20 a cycle level. We have a swing high at 7419.00 on it and or level to watch was 7325.40 and we are yet to close above it. We have a weeks correctionon the high bar.We have a lowr high and lowr low on weekly bar which indicates change in trend. Unless and until we make a new higher high and higher low on it I will be catiosly trading it on upside.
Level to watch on it is 7004.20 and weekly low of 6936.55 for further contination of trend on downside. This weekly bar is short week bar again with a small bdy formation which always alerts me. On the upside 7210 is important as it is crrently weekly high and if it is crossed then downside momentm may fade out. Look for an outside bar if it forms on chart and its subsequent bar for following the trend.
Happy Trading !!!
N.B. Not an Trading advice. With sual disclaimers as appllicable for the reach on this beatiful analysis and trading platform.
Level to watch on it is 7004.20 and weekly low of 6936.55 for further contination of trend on downside. This weekly bar is short week bar again with a small bdy formation which always alerts me. On the upside 7210 is important as it is crrently weekly high and if it is crossed then downside momentm may fade out. Look for an outside bar if it forms on chart and its subsequent bar for following the trend.
Happy Trading !!!
N.B. Not an Trading advice. With sual disclaimers as appllicable for the reach on this beatiful analysis and trading platform.