BAJAJ AUTO LTDLong
ZIGZAG ENDING ZONE.GET LONG
PRICE OF BAJAJ AUTO HAS FALLEN IN THE TYPICAL TARGET AREA OF 100-123% EXTENTION ZONE OF WAVE A FROM WAVE B TOP.
RSI IS SHOWING POSITIVE DIVERGENCE.
LOOK FOR BULLISH REVERSAL CANDLE LIKE HAMMER OR ENGULFING OR BULLISH PIERCING ON CHART AND WAIT FOR IT TO GIVE A STRONG CLOSE.
AT THIS TIME FORM MEDIUM TERM PERSPECTIVE ONE CAN START ACCUMALATING THIS STOCK AND CAN ADD @ 123(3864) & 161(3742) % EXTENTION LEVEL
ON THE UPSIDE A MOVE TILL 50% RETRACEMENT OF ENTIRE CORRECTION IS EXPECTED WHICH CAN TAKE PRICE TO 4120 IN CASE OF AN UP MOVE JUST BEING AN CONNECTOR WAVE X,IF THIS TURNS OUT TO BE AN IMPULSE THAN IT CAN GIVE NEW HIGHS
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
RSI IS SHOWING POSITIVE DIVERGENCE.
LOOK FOR BULLISH REVERSAL CANDLE LIKE HAMMER OR ENGULFING OR BULLISH PIERCING ON CHART AND WAIT FOR IT TO GIVE A STRONG CLOSE.
AT THIS TIME FORM MEDIUM TERM PERSPECTIVE ONE CAN START ACCUMALATING THIS STOCK AND CAN ADD @ 123(3864) & 161(3742) % EXTENTION LEVEL
ON THE UPSIDE A MOVE TILL 50% RETRACEMENT OF ENTIRE CORRECTION IS EXPECTED WHICH CAN TAKE PRICE TO 4120 IN CASE OF AN UP MOVE JUST BEING AN CONNECTOR WAVE X,IF THIS TURNS OUT TO BE AN IMPULSE THAN IT CAN GIVE NEW HIGHS
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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