Dear All,
Bajaj auto chart looks interesting. On Weekly time frame, Price has reverse exactly from the trendline. Price is now making Lower High and Lower Lows in a channel. Price is also moving in 2 SD Bollinger Band range.
Weekly Chart has been attached below for the reference.
Bajaj Auto Weekly
On 30 Mins timeframe, Double top has been made and price re-entered the channel again, which clearly indicates that bears are active. There is a wolf wave setup.
Weekly Chart has been attached below for the reference.
Bajaj Auto 30 Mins
If Price breaks 2795, then it will be heading for 2650.
Cheers Sid
Dear All,
After a recent sell off in Maruti from 9800 level to 6500 levels.. Post that stock has started moving upwards and made a Rising wedge Pattern on Daily Chart.. We have to Keep Maruti on Watch list for tomorrow. The wedge is not broken yet, So need to watch 7340-7350 range, if broken, then some serious selling can be seen on this counter and the price can retest 6500 levels again !
Charts are attached hereby for your reference.
Maruti 30 Mins ChartMaruti Daily ChartCheersSid
Keep an eye on Titan. There is a Adam and Eve Pattern spotted on 30 Mins Chart. Price is nicely moving in an ascending triangle. Fourth time price is reaching its very strong support of 893-895 levels. If decisively breakdown happened, we can look for Target of 835-840 levels.
