smartcapspremium

#BAJAJAUTO Breaking out above 4300/4375

Long
NSE:BAJAJ_AUTO   BAJAJ AUTO LTD
#BAJAJAUTO Looks to be a eligible counter for breakout above 4375 / with a low risk entry above 4300

It has been making higher highs and moving up in a nice pace to reclaim the resistances ,
and recently it has formed a cup pattern on the weekly charts signalling that the selling pressure has been bought out

The volume support has been increasing in the recent past which also indicates buyers interest in the stock

Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions

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