BAJAJ_AUTO 🛺🛺GOOD FOR A QUICK OPTION
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Bajajauto
Bajaj Auto at potential Reversal ZoneBajaj Auto has been falling continously since it tried to Break the all time high and it started retracing on Friday and today it has come to the 50% retracement Zone and it has Faced heavy resistance in 15MIn Time Frame IF the market continously move positive there are high chances that bajaj auto will touch the all time high again or else if the market continous Down trend Then the bajaj auto will also continue Down Trend. Iam not SEBI registerd Trade resposibly
Cup & Handle in Bajaj AutoA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
For Educational Purpose only.
#BAJAJAUTO Breaking out above 4300/4375#BAJAJAUTO Looks to be a eligible counter for breakout above 4375 / with a low risk entry above 4300
It has been making higher highs and moving up in a nice pace to reclaim the resistances ,
and recently it has formed a cup pattern on the weekly charts signalling that the selling pressure has been bought out
The volume support has been increasing in the recent past which also indicates buyers interest in the stock
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions