Bajaj auto forming a double bottom and ready to breakout above the trendline as well.
Good to go in this stock for target of previous high (4300 levels).
Trade safe. Manage risk. Be profitable.
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BUY:- Buy Bajaj auto above 3900 with a stop loss of 3810 closing bases strong bullish candle is required to buy because the stock is reacting from a higher time frame resistance zone.
Sell
The stock saw a good up move of approx 500 points i.e from 3450 levels to 3966 levels.
From the Past 8 Trading sessions stock has been moving in a range of approx 200 points.
Now there are two types of trades, that can take place
Support Trade :
Pros - good risk-reward ratio 😀
Cons - might get stuck in sideways move for a while, i.e it can test your...
