Head and Shoulder formation on Bajaj Auto and MACD seems strong bullish trend.
Trade:
Buy above = 2846
Target 1 = 2867
Target 2 = 2884
Stop loss = 2825
Symmetric Triangle on Bajaj Auto and may break either side.
Trade:
Make Side:
Buy above - 2788
Target - 2904
Stop loss - 2685
Break Side:
Short below - 2550
Target - 2396
Stop loss - 2615
It is been observed on Daily and Weekly chart that the price action breaks above the prior downward trend line indicating a further bullish move ahead. Now, it shall further move up to 38.2% and 50% retracement levels.
Target: 2800
Stoploss: 2650
Risk Reward: 1:1
