After good Downtrend, BajajA forming six weeks flat base. We can see rising macd within base and breakout on obv.
After good downtrend ,Bajaj Auto forming bullish base. You can clearly see rising macd over last six flat consolidation. And breakout in Obv which confirms the bull are active.
Observe last three candle price action and price within rectangle. It is clearly shows bulls are quite active in this. Relative strength vs FMCG sector is also strong
Overall ideal for short term trading , swing trading and postional trading
Good time to enter into stock.
Good volume activity withing Trading range. One can enter some quantity and accumulate more on near trading range.
If breakout with good volume and retest, add full quantities