BAJAJ AUTO is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume . Keep watch on it for upward continuation, target would be achieved if it breaks above 4300 on a closing basis. Initiate trade only when price sustains above 4200 for at least 15 minutes.
LONG ABOVE : 4200
STOP LOSS : 4030
TARGET 1 : 4370
TARGET 2 : 4540
Steadily moving ahead, keep an eye out for 4300, close above 4300 will lead to breakout and a fast move to targets.
Trade closed: stop reached:
Stop loss hit at 4030 on 08-07-21.