While most auto stocks are rallying, Bajaj auto is still near support levels and is yet to start its run.
The script is forming an ascending triangle pattern and looks good for the trade over the next few months.
A spike in the sale of two-wheelers around DIWALI can boost the numbers for Bajaj which will ignite the rocket for the rally.
Good to enter at the current price for decent returns in the next two months.
Happy Diwali folks :)
The script is forming an ascending triangle pattern and looks good for the trade over the next few months.
A spike in the sale of two-wheelers around DIWALI can boost the numbers for Bajaj which will ignite the rocket for the rally.
Good to enter at the current price for decent returns in the next two months.
Happy Diwali folks :)
Trade active:
Stiff resistance around 405 to 4100 levels. The script may correct after reaching the resistance level.