Bajaj Auto has given first indication of bull run when it closed above 2900 on weekly basis which started higher top higher bottom series. Counter has corrected after touching high of 3050. 38.2% retracement of entire rally from 2450 -3050 comes at 2825. 2810-2825 zone should provide support for next bull run. Stochastic has entered into oversold zone but yet to...
ACCORDING TO ME TRENDLINE IS VALID WITH THREE TOUCHES IT CONFIRMS THE SUPPORT ABOVE THAT WATCH THAT: THERE IS A HIGHER HIGH AND HIGHER LOW FORMATION GOING ON THE INDEX A DIP BEFORE BIG EVENTS ARE GIVING US AN INDICATION WHERE THE MARKETS ARE MOVING I DONT WANT TO SPECULATE ONE CAN GO INTO THE EVENT BY CREATING A VOLATILE OPTION STRATEGY BUYING A STRANGLE IN...
HH = Higher high HL - Higher low Long above prev day high Sl = prev day low Target 1 - 163.3 If it breaks 163.3 it can go up to 170