Daily Chart
Bajaj Auto has formed H & S Pattern
The stock now trading below 50 - DMA (2465)
A swift corrective zigzag rally from 1880 - 2650 odd levels sync with bearish pattern
Near term outlook for the stock looks bearish
But only appropriate Risk/Reward ratio (Entry, Exit & Stop loss levels) along with good money
management techniques would be
the mantra to attain trading and/or investing success.
To Know more about Elliot Wave Counts and where probably markets
are heading towards
, educate yourself with us from simple to advanced concepts contact us.
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Raju V Angadi
Equity Research Analyst
To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory
& Psychological traits to trade with some common sense & optimize
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