Descending Triangle formation:
If closes below 2600, then Sell at ~2600 levels, Target: 2280; SL: 2700
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Maruti had a big rally in last 3 years from 4800 levels to almost 10,000.
This seems to be changing as it showed a Double top pattern at higher levels and broke the trend line.
Maruti is a positional sell with a stoploss of 8800 and targets can be 8000 and 7400.
currently the structure in itself looks extremely strong , minir ups and downs neglecting in intraday ! the stock according to me is set for a one way rally of 4/5 % + in coming days !
Choppy market ahead, Trade cautiously.
Based on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 26-Jun-2018 for BAJAJ_AUTO
Sell Below(5Min candle close): 2794.3 for targets -
T1: 2773.3
T2: 2760.8
T3: 2747.6
SL: 2816.7
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully...
Based on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 22-Jun-2018 for BAJAJ_AUTO
Sell Below(5Min candle close): 2822.9 for targets -
T1: 2801.7
T2: 2789
T3: 2775.8
SL: 2845.5
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...
Bajaj Auto has been respecting the neckline for TWO years now. Currently testing the neckline again. Awating a breakdown/reversal
Without the Drawing-->
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...
these are not a recommendation but my way of taking a trade .
will like to go short on he stock with stop loss 1965 or depend on the conditions .
can trail stop loss if necessary!
on hourly chart the stock looks EXTREMELY
bearish ,
after a great uptick ,
on daily charts moving side ways
and today closed belowan important mark of 970
can sell below 965 and can sell more below 950 for 935
917 targets
It's moving in upside channel ..
nd now it's now trading near bottom of trend line...
we make position above 2900 LVL..
For more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
