BAJAJ_AUTO - First Leg of Correction seems complete
CMP: 9040
TF: 90 Minutes
I have marked the internals of this impulse wave down and the 5 wave down-move seems complete.
Diagonal is visible
Triple Divergence (Positive at the bottom) is seen
Multiple inside bars at the lows signifies absorption.
This is Trading view for the next few days.. Positionally, the bounce (if any), should see next round of selling.
On the Daily TF, price is now at the previous consolidation range.. Price could replicate the same behavior here too and stay sideways for several days to complete time correction.
Watchout for the breakout of the falling trendline.. thats the key for any possibly trading opportunity
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
TF: 90 Minutes
I have marked the internals of this impulse wave down and the 5 wave down-move seems complete.
Diagonal is visible
Triple Divergence (Positive at the bottom) is seen
Multiple inside bars at the lows signifies absorption.
This is Trading view for the next few days.. Positionally, the bounce (if any), should see next round of selling.
On the Daily TF, price is now at the previous consolidation range.. Price could replicate the same behavior here too and stay sideways for several days to complete time correction.
Watchout for the breakout of the falling trendline.. thats the key for any possibly trading opportunity
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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