Bajaj Auto Trend Play
Updated
Monthly is clearly bullish with great momentum candle breaking out of the monthly resistance. A double bottom can also be spotted.
Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly support.
In the Daily, we can spot 4 rejections of weekly support further confirming our bullish bias. Last candle had a long wick, which is great.
In the 75 min, again a Double bottom at Weekly Support can be seen along with multiple rejections of weekly support. Using the 75 min TF for entry, a long entry is trigerred on break of Trendline
Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly support.
In the Daily, we can spot 4 rejections of weekly support further confirming our bullish bias. Last candle had a long wick, which is great.
In the 75 min, again a Double bottom at Weekly Support can be seen along with multiple rejections of weekly support. Using the 75 min TF for entry, a long entry is trigerred on break of Trendline
Trade closed: target reached
Target hit.
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
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.