Story of bajaj-auto
Sharing my observations on the stock
1. Has been bullish for long
2. formed a slanted HNS, what does it say? reversal of the trend maybe
3. the higher high is no more forming and rather we see a lower high, is the bulls in trouble now?
4. the higher lows still continuing so could not say a real bearish trend or reversal.
5. ready to initiate a short one neckline is broken down (3440 ), confirming a short trade. If none, no trade here
Other thoughts are most welcome.
HNY
1. Has been bullish for long
2. formed a slanted HNS, what does it say? reversal of the trend maybe
3. the higher high is no more forming and rather we see a lower high, is the bulls in trouble now?
4. the higher lows still continuing so could not say a real bearish trend or reversal.
5. ready to initiate a short one neckline is broken down (3440 ), confirming a short trade. If none, no trade here
Other thoughts are most welcome.
HNY
Note
Went south :( hehe
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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.