BAJAJ AUTO LTDLong
Bajaj Auto Ltd Breakout !!
Mis à jour
📈 Bajaj Auto Ltd. 📉
This Stock broke out from a Resistance zone of 3640-3675 after testing three times. This Resistance zone has more importance because earlier in 2021 it was acting as support also as you can see in chart.
I am biased on long side though todays candle is not strong but for me closing is important.
On Buy Side I am looking for initial Targets of 3800 and 4000.
StopLoss should be kept at 3550.
It offers 1:2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
This Stock broke out from a Resistance zone of 3640-3675 after testing three times. This Resistance zone has more importance because earlier in 2021 it was acting as support also as you can see in chart.
I am biased on long side though todays candle is not strong but for me closing is important.
On Buy Side I am looking for initial Targets of 3800 and 4000.
StopLoss should be kept at 3550.
It offers 1:2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade fermée: cible de profit atteinte
Target of 4000 is done.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.