Is NSE Bajaj Auto at The Tipping Point To Start Bearish Move?
Key Level: 3631
Quick explanation:
Bajaj auto has started rejecting demand pressure.
Price is bullish above pivot level 3629, But if the price fails to break the crucial pivot, traders can go short for the following targets: 3573 – 3441 – 3345.
Detailed study:
Bajaj Auto has been forming a downtrend channel for more than 14 months. It has created an all-time high of 4361 and started its secondary downtrend move. Bajaj auto has three rejections on the upper band & lower band.
Currently, the price is on the top upper band of the parallel channel and facing resistance.
If the price fails to break the parallel channel, traders can expect a price touch on the control line.
The Control line has seven confirmation points, which validates the strength of the control line. We can see a pivot level of 3629 with five flip-flop confirmations. Bajaj auto is bullish above 3629, but the breakdown of this level will create concern for the buyers.
NSE Apollo Hospital Sentiment Speaks OMG It’s A Bearish Price Pattern
If the price breaks the crucial level of 4745 and sustains below it, a trader can expect the following targets: 4705 – 4635 – 4564 below. Apollo Hospital has bearish sentiments. Price has created moolahs top pattern, and the price action of the current move is corrective.
Invalidation for free subscribers: High of the previous session.
Nifty Update: Impending Decline started
Nifty gap-up has increased the supply pressure as sellers found the high prices.
Click Here to read today’s research report.
I have mentioned in bold words, “The rejection from the control line will drive the price to 17150 – 17012- 16900.“
Today at 12:50 PM – Nifty reached the first target of 17150.
Today at 1:25 PM – Nifty reached the second target of 17012.
Will nifty reach the final target of 16900?
Bank Nifty Update: Will bank Nifty reach the final targets?
Click Here to read today’s Bank Nifty report
I have mentioned in clear words, “If Banknifty doesn’t cross/close above the second level, you should prepare for the following targets: 36000 – 35800 – 35400 below.”
Bank Nifty reached the first target of 36000, and made a low of 35941.
Will BankNifty Touch the Second Target Tomorrow?
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Thank you for sharing this chart
Sir aajka din accha raha. Profit Kiya he nifty and bank nifty
Can I become a premium subscriber? I want to trade with you and I am ready to buy your service!
Sir, I bought your package yesterday. You are a master of stock trading.
Waiting for tomorrow’s call.