Bajaj Consumer is in sideways and ready for a big move
Updated
Bajaj Consumer is in sideways and ready for a big move
Reasons/Traits :
• Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265
• Price is in sideways since few weeks
• Price is revolving around 13/20/50/200 EMA
• Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s
What can happen next :
Scenario 1 : Price sustaining above 265 levels can take it to 270/280/290/310/325 levels
Scenario 2 : Price break down below 250 or the trend line can take it down to 245/230/220/210/200 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Reasons/Traits :
• Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265
• Price is in sideways since few weeks
• Price is revolving around 13/20/50/200 EMA
• Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s
What can happen next :
Scenario 1 : Price sustaining above 265 levels can take it to 270/280/290/310/325 levels
Scenario 2 : Price break down below 250 or the trend line can take it down to 245/230/220/210/200 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Note
Scenario first two targets hitNote
low 219...3rd target hitNote
Low 211 today..Trade closed: target reached
all targets hit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.