BAJAJ AUTOThis stock has recently done breakout in daily time frame with good intensity of volume, and it looks like new impulse as a wave 3 has been started, as wave 3 unfolds we can see this stock at 4000 - 4200 levels, on down side 3830 is a crucial support which is 20 sma mid bollinger band and coincide 40 day ema, both are around same levels to watch out for.
breakout with good intensity of volume
current wave structure could be like this
macd in weekly uptick above zero line
macd in daily positive and uptick and also above zero line
rsi in daily above 60
dmi adx positive ungali setup in weekly
dmi adx positive ungali setup in daily
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Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
