Breakout done with an average volume. If the next candle crosses above the breakout candle, it may go upside further. the trend is strong bullish. Disclaimer : All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the...
Perfect Negative Divergence In Bajaj Auto Book Longs
looking ready to give breakout with increasing volumes, although market is not supportive we have to check by setup
Bajaj auto looks bearish in the daily timeframe chart. On Tuesday, It has given a breakout but couldn't hold the supply pressure at the upper trendline of the correction parallel lines. The breakout became fakeout! Bajaj auto has created a big belt candle and started falling. According to past performance, If the trend is weak, then the price will make set of...
📈 Bajaj Auto Ltd. 📉 This Stock broke out from a Resistance zone of 3640-3675 after testing three times. This Resistance zone has more importance because earlier in 2021 it was acting as support also as you can see in chart. I am biased on long side though todays candle is not strong but for me closing is important. On Buy Side I am looking for initial Targets...