Bajaj Consumer is in sideways and ready for a big move
Reasons/Traits :
• Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265
• Price is in sideways since few weeks
• Price is revolving around 13/20/50/200 EMA
• Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s
What can happen next :
Scenario 1 : Price sustaining above 265 levels can take it to 270/280/290/310/325 levels
Scenario 2 : Price break down below 250 or the trend line can take it down to 245/230/220/210/200 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Reasons/Traits :
• Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265
• Price is in sideways since few weeks
• Price is revolving around 13/20/50/200 EMA
• Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s
What can happen next :
Scenario 1 : Price sustaining above 265 levels can take it to 270/280/290/310/325 levels
Scenario 2 : Price break down below 250 or the trend line can take it down to 245/230/220/210/200 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
Nota
Scenario first two targets hitNota
low 219...3rd target hitNota
Low 211 today..Operación cerrada: objetivo alcanzado
all targets hit
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.