BULLS CONQUERING BAJAJAUTO ?!!!!

Chart Patterns insist me the above titled opinion.

Reasons:

1.Inverted Heads & Shoulders pattern in both Weekly and Daily time frame.
2.Major Trendline(Purple) supporting from March 2020 till now.(taking support now)
3.Triangular pattern waiting for a breakout.(probability more)

Targets and SL levels(less risk) mentioned @ Chart.
Better to go with closing price of daily candles for SL.

Entry can be now or after a daily candle bullish breakout above the yellow trendline.

Weekly candle closing below the purple major tendline would favour the bears .

Let's see how it pans out!!!!

Note: Just sharing my view....not a tip nor advice!!!

Yorum:

Perfect breakout out of that yellow trendline....

İşlem kapandı: durdurma seviyesi:

MAJOR trendline support broken....weekly close below the trendline....time to
short??? but volume seems to be the problem for breakdown... let's wait and watch!!!

Yorum:

Bulls fighting hard(GOOD VOLUMES)!!!
Close below 3460 paves way for the Bears...
Close Above 3800 - it's going to be Bulls march!!

Yorum:

Looks like a DOUBLE BOTTOM!! in Weekly timeframe.(Low & Higher low too formed)
This Week candle may be the decider!!!

Yorum:

bulls magic!!!

Yorum:

Previous weekly candle - Breakout candle
Now, Higher high formed!!!!
Bulls conquered!!!