BAJAJ AUTO

This stock has recently done breakout in daily time frame with good intensity of volume, and it looks like new impulse as a wave 3 has been started, as wave 3 unfolds we can see this stock at 4000 - 4200 levels, on down side 3830 is a crucial support which is 20 sma mid bollinger band and coincide 40 day ema, both are around same levels to watch out for.

breakout with good intensity of volume
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current wave structure could be like this
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macd in weekly uptick above zero line
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macd in daily positive and uptick and also above zero line
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rsi in daily above 60
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dmi adx positive ungali setup in weekly
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dmi adx positive ungali setup in daily
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Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
bajajbajajautobajajautolongCNXAUTOTechnical IndicatorsTrend AnalysisWave Analysis

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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