Bajaj Auto has been moving inside a falling channel on the 2-hour timeframe. Every time price hits the upper boundary, sellers push it back down, and every time it touches the lower boundary, buyers step in.
This trendline has rejected price multiple times in the past — meaning a breakout will carry weight and can trigger:
Short covering
Fresh long positions
A sharp move toward 9,180 – 9,250 zones
This trendline has rejected price multiple times in the past — meaning a breakout will carry weight and can trigger:
Short covering
Fresh long positions
A sharp move toward 9,180 – 9,250 zones
SiripiVenu
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.
SiripiVenu
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.