Dixon & Bajaj-Auto Showing High Rise in Future OIDIXON
Following a significant upward trend, the stock price experienced a correction and later established a Double Bottom pattern.
Recently, a breakout occurred, backed by strong volume, suggesting that the price is set for further gains.
Additionally, a notable increase in future open interest—nearly 11%—has been recorded.
This rise in both stock price and future open interest signals that big investors are optimistic about this stock.
As long as the price remains above the 12,900 level, the overall sentiment is likely to stay positive.
BAJAJ-AUTO
During the upward movement, the price experienced a brief consolidation phase, resulted in the formation of a Rounding Bottom pattern.
Recently, a breakout occurred, supported by significant volume, suggested that the stock price is poised to maintain its upward trajectory.
Moreover, there has been a remarkable surge in future open interest, climbed nearly 19%.
This increase in both the stock price and future open interest indicates that big investors are bullish about this stock.
As long as the price remains above the 10,000 level, the overall sentiment is likely to stay positive.
