This chart visualizes BAJAJCON’s price movement, highlighting a “Base Formation” and a breakout (BO) followed by significant upward momentum. Key technical annotations include:
• Base Formation: Extended consolidation before the breakout level.
• Breakout (BO): Aggressive upward surge post-breakout, confirmed by a “Heavy Candle” on high volume.
• Shelf Formation: Brief consolidation phase after the breakout for additional support.
• Pocket Pivot: Handle phase of the cup, often considered a bullish continuation signal.
• Multiple moving averages indicate potential support levels and confirm trend strength. The chart highlights a classic bullish pattern setup in BAJAJCON, suggesting the possibility of continued upward movement if technical signals sustain
• Base Formation: Extended consolidation before the breakout level.
• Breakout (BO): Aggressive upward surge post-breakout, confirmed by a “Heavy Candle” on high volume.
• Shelf Formation: Brief consolidation phase after the breakout for additional support.
• Pocket Pivot: Handle phase of the cup, often considered a bullish continuation signal.
• Multiple moving averages indicate potential support levels and confirm trend strength. The chart highlights a classic bullish pattern setup in BAJAJCON, suggesting the possibility of continued upward movement if technical signals sustain
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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.