Price has broken out of a nice consolidation and if it does a minor retracement and then creates a strong bullish candle, it will be a good buying opportunity. Stoploss would be below the previous resistance and trailing stoploss can be below 20EMA. Alternatively ATR can also be used to determine trailing stoploss, it all depends on what you are comfortable with....
Considering the movement in the Auto sector and the major revolution going on in the EV industry, it is very likely that this stock can perform well in the next 6 months to 2 years.
1. the "Inverse Head & Shoulders" pattern has a clear breakout on the monthly charts.
2. The volumes are also increasing.
3. Target could be the all-time high price in a period of...
Here are given both options for Buying and selling please act accordingly
Book the profit between the yellow lines
And please Do notify me if I'm doing anything wrong
Based on my PredictiveSystem's signals, its going to be a RED candle on 21-May-2018 for BAJAJ_AUTO
Sell Below: 2780 for targets -
T1: 2759.2
T2: 2746.6
T3: 2733.6
SL: 2802.2
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...
