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!