BAJAJ AUTO
- As per previous report published on BAJAJ AUTO, stock gave a sharp bull rally after breaking its resistance @ 2230 and after that stock made a high around 2360 in just 6 trading days. (Click here to see previous report published by us on BAJAJ AUTO).
- Now as per current stock analysis chart no1, stock is moving in a up channel formation, so as long as stock trades in its channel pattern it will be favored by bulls, If break up pattern on down side then weakness is expecting in Bajaj Auto.
- Now as per graph no2, stock is facing strong trend line resistance around 2380, if stock closes and stays above 2380 then Bajaj Auto will be in bulls grip for next few trading days.
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- Free Intraday Tips - Close watch if bajaj auto starts trading above 2380 during market hours, if holds above 2380 with volumes then intraday bulls action is expecting.
- Also Read - IRB INFRA had formed triangle formation, will favor bulls once closes above its resistance.
- As per chart no3, stock is moving above 20 days moving average, as long as stock holds above 20 DMA bulls will be favored , but if Bajaj Auto closes below 20 DMA then bears may get active. Close Watch.
- If stock moves up from current levels, and Bajaj Auto closes above 2380 then stock will find next strong resistance around 2560 its 161.8% fibonacci retracement, as shown in chart no4.
- Click here to see all the free trading reports (tips) published by us on BAJAJ AUTO.
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