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Bearflagpattern

Where will Bajaj Auto head to ?Where will Bajaj Auto head to ? Reasons/Traits : • Bullish Bat Harmonic Pattern formation is seen (Uptrend) • Bear flag pattern is seen (Downtrend) • Todays close is exactly at 200 EMA and taking 3rd time support on the Bear flag pattern channel (Support) • Last 3 candle sticks form three black crows candle stick pattern (Downtrend) • Recent swing retracement took support at 0.382 Fib levels (Downtrend) What can happen next : Scenario 1 : Stock can give a breakdown of the flag pattern to reach 3650/3450/3170 Scenario 2 : Stock can move up taking support at 200 EMA or at 3650 level to reach 3800/4030/4260/4350 Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:BAJAJ_AUTO
by AdhigamaTrading