It looks like NSE:CNXAUTO has bottom out and ready to invite the bulls in the auto sector stocks.
Bajaj Auto seems taking its 3rd time support over the Trendline T1 and now bulls may drag down the bear from the stage.
One may create a long position with a stop loss below 3695.
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Conditions:
Triangle pattern breakout
Market sentiment must be positive for high probability
Always use your stop plus according to your money management
OPTION CALL will be give during Market hour if and only if I am 99% percent confirm else not given
bajaj auto have multiple conformation
ema 200 support
tradline support
demand area zone
channel brekout possible
buy above- 3860
sl -3690
target - 4000,4120
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