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.
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
Disclaimer

I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

Leave a Reply