Bajaj Auto Ltd Breakout !!

ShelendrAgrawal Pro Updated   
πŸ“ˆ Bajaj Auto Ltd . πŸ“‰

This Stock broke out from a Resistance zone of 3640-3675 after testing three times. This Resistance zone has more importance because earlier in 2021 it was acting as support also as you can see in chart.
I am biased on long side though todays candle is not strong but for me closing is important.

On Buy Side I am looking for initial Targets of 3800 and 4000.

StopLoss should be kept at 3550.
It offers 1:2 Risk Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: target reached:
Target of 4000 is done.


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