Bajaj Auto :
Buy Level = Near about 3700 level
Safe Stop Loss = 3600
Aggressive Stop Loss = 3560
Target 1 - 3850
Target 2 - 3900
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
Retesting previous resistance level
Formation of massive Bullish Engulfing candle
Spike in Volume
Wait for the price to sustain above resistance and then go Long.
Rejection from resistance will move the price to the previous support level of 71-73.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal...
Horizontal Support, Trend line support and 200EMA... All coming together at same place in daily time frame. If support taken a high probability of good upwards movement coming up in next few days.
Disclaimer: This analysis is just for educational purpose and not a financial advice.
Birds eye view shows the uptrend so high probability of moving up. Good signal for a long position.
The information provided here is for educational & instructive purposes only. Our intention is not to...