Bajaj auto spot cmp 4230
Counter is giving sign of distribution in range of 4215 to 4265
Short sell can be done in this range with stoploss of 4270 on hourly closing basis.
Down side counter can fall to levels of 4000-3800-3650,,
Breakdown below 4215 on closing basis is mandatory...
Good short candidate..
Silver formed inside bullish candle in 4 hour time frame, and breached consolidation zone.
Possible targets:
1) 67,500 (that is 50% Fibonacci level), if it sustain on that level then we can hold to achieve the next target.
That is
2) 68,500.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Chart Time frame: 1W
As shown in chart, the stock gave 3 Year old trend line breakout.
We can go long above 150 Resistance level for safe position.
Target above 150:
1) 160
2) 180
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
The stock has broken above a trendline resistance supported by good volumes however the stock closed much lower due to overall sell-off in the market.
Watch for the price to trade above 236 and a long trade can be initiated. All other levels mentioned in the chart.
Always keep a tab on the broader market conditions while trading.
Educational Purpose Only
Long after breaking the resistance trend lines for the given target. The stock has very good fundamentals and technical support for a good long term/swing return.
Volume increased, broke long term resistance line, following the trend.
The given levels will act as support and resistances for future swings. Set the target based on the LTP...
Last week on Monday, the fall that we saw was on account of a stock exchange glitch. However, in the same week the whole loss was nullified leaving evryone at sea.
But now if I go by what the chart is telling me, it says the chart pattern formed is a Rising Wedge Pattern.
There is also a Bearish Divergence along with the ADX losing steam.
Now , either tomorrow...
Awaiting a breakout soon.
Took support at the Golden Ratio.
Entry should be above 1129.
Keep a Stop loss based on your risk appetite.
I see initial targets of 1300-1370.
