Bajaj Finance: Boxes and Breakouts
Bajaj narrows down in a price range in a parallel box, followed by a breakout.
Every breakout suffers a minor pullback and then uptrend resumes.
Current price levels have came out of parallel box. A bit exhaustion can be observed and even volumes have dropped a bit.
After a minor pullback , it will upmove again.
Please note there is a resistance zone near 3800 levels so it has to cross the zone for more upmove till 4100.
Every breakout suffers a minor pullback and then uptrend resumes.
Current price levels have came out of parallel box. A bit exhaustion can be observed and even volumes have dropped a bit.
After a minor pullback , it will upmove again.
Please note there is a resistance zone near 3800 levels so it has to cross the zone for more upmove till 4100.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.