BAJAJ AUTO LTD
Long
Updated

flag breakout

40
flag formation , poor selling and quality buying breakout. volumes coming in , above 200 MA. bullish
Note
our direction was right , but panic selling on 21st december took it lower and it raised again.
Note
10% up overall
Note
almost 30% return so far, seems like stock may reverse but in other hand market is bullish(and stock is also making higher lows which shows no weakness) , on chart price is making divergence with RSI and making spinning top and dojis and kind of uppers wick which shows sellers pressure .and volumes also decreasing , so keep eyes on it bcoz currently it is in indecision mode

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.