dhananjay.d.joshi

BAJAJAUTO resistance breakeout

BSE:BAJAJ_AUTO   BAJAJ AUTO LTD
snapshot

Nice resistance breakout on daily chart .

1. Share is in Uptrend
2. Risk to reward is good
3. trail stops with next swing
4. Out of supply zone too.

I am not advising on investment , but this is in line with swing breakout analysis.. one MUST take investment decision according to his judgement and investment system.
One can book the profit .
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I don't share trading tips or any thing like that. I hared the chart to demonstrate the concept of price/market structure trading. How any trader can find out the potential tradable or investable stock or market and can be profited out of trending move.
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2827 is new stoploss.
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Nice price move, traders need to shift stop up to entry level mentioned on chart.
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price moved down just below entry point. Next swing already in place, one can use the same as stop loss.

Waiting price to close above our entry point.
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