Hey Friends,
Hope you are enjoying our weekly blog. This week I am presenting you one more stock which can help you make moderate gains of 10% or more in coming 4-6 weeks.
This stock formed a Bearish Flag Pattern. Before we proceed further let me tell you what is a Bearish Flag Pattern.
Bearish Flag Pattern is a short term trend continuation pattern. It is observed in midway of a existing trend. It shows some consolidation and tight price movement in a small range. After this consolidation period the stocks me out of the consolidation zone and the stock resumes its original trend.
We need to observe An Original Trend, A Flag & Flag Pole, A Breakout below a Support line.
Now you know what all is needed for a bearish flag pattern & if you want to know what stock we are talking about keep reading.
One of our earlier Stock Identification Jet Airways @ 166-180 has gained traction and caught eyeballs of traders. This stock is quoting at 229. i.e. above 37% from our blog just three weeks ago on 1st October 2018.
Today we are talking about Bajaj Auto.
Reco: Sell Range : 2510-2550 SL 2650 Target 2220 Time horizon 4-6 weeks
NCBAJAJ-AUTO.jpg
Observation on Chart;
1. Bajaj Auto has been falling from 2949, so the original trend seems bearish
2. It has seen a consolidation period between 2500 -2650 in past 8-9 sessions, i.e. flag
3. And the stock is currently quoting below the support line of the flag i.e below 2550
4. The stock shows a Poll formation from 2960 to 2500
5. This indicates weakness in the stock the volume are above average while this recent fall took place
6. This gives Bajaj auto scope for further weakness till 2220 in coming 4-6 weeks.
7. 2212 is 3 years support zone of the stock
I hope you like this.
Trading Mantra:
“A successful trader has realistic plans. He knows his abilities and limitations. He sees what is happening in the market and knows how to react to it.” — Alexander Elder
Billion Dollar question to Ask yourself:
What is your Trading Plan & How you will execute it ?
Thanks for sharing the post
Happy Reading…..
Happy Trading…..
Be A wealthy Trader…..
Hope you are enjoying our weekly blog. This week I am presenting you one more stock which can help you make moderate gains of 10% or more in coming 4-6 weeks.
This stock formed a Bearish Flag Pattern. Before we proceed further let me tell you what is a Bearish Flag Pattern.
Bearish Flag Pattern is a short term trend continuation pattern. It is observed in midway of a existing trend. It shows some consolidation and tight price movement in a small range. After this consolidation period the stocks me out of the consolidation zone and the stock resumes its original trend.
We need to observe An Original Trend, A Flag & Flag Pole, A Breakout below a Support line.
Now you know what all is needed for a bearish flag pattern & if you want to know what stock we are talking about keep reading.
One of our earlier Stock Identification Jet Airways @ 166-180 has gained traction and caught eyeballs of traders. This stock is quoting at 229. i.e. above 37% from our blog just three weeks ago on 1st October 2018.
Today we are talking about Bajaj Auto.
Reco: Sell Range : 2510-2550 SL 2650 Target 2220 Time horizon 4-6 weeks
NCBAJAJ-AUTO.jpg
Observation on Chart;
1. Bajaj Auto has been falling from 2949, so the original trend seems bearish
2. It has seen a consolidation period between 2500 -2650 in past 8-9 sessions, i.e. flag
3. And the stock is currently quoting below the support line of the flag i.e below 2550
4. The stock shows a Poll formation from 2960 to 2500
5. This indicates weakness in the stock the volume are above average while this recent fall took place
6. This gives Bajaj auto scope for further weakness till 2220 in coming 4-6 weeks.
7. 2212 is 3 years support zone of the stock
I hope you like this.
Trading Mantra:
“A successful trader has realistic plans. He knows his abilities and limitations. He sees what is happening in the market and knows how to react to it.” — Alexander Elder
Billion Dollar question to Ask yourself:
What is your Trading Plan & How you will execute it ?
Thanks for sharing the post
Happy Reading…..
Happy Trading…..
Be A wealthy Trader…..