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dhananjay.d.joshi
Jul 21, 2016 11:16 AM

BAJAJAUTO resistance breakeout  

BAJAJ AUTO LTD.BSE

Description



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.
Comments
dhananjay.d.joshi
One can book the profit .
dhananjay.d.joshi
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.
dhananjay.d.joshi
2827 is new stoploss.
dhananjay.d.joshi
Nice price move, traders need to shift stop up to entry level mentioned on chart.
dhananjay.d.joshi
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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