BAJAJ AUTO BEARISH SETUP

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.

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.

If Price breaks 2795, then it will be heading for 2650. Cheers Sid

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