Bajaj-Auto - A 7 star buy set up! (Swing trade)
Bajaj Auto has given a breakout from a sloping trendline
Multiple divergences on RSI - Price making lower lows, RSI making higher lows (this sort of divergence implies that the selling pressure is now fully absorbed and price is ready to move up)
Can go long here with a stop loss below 8500 (Hammer candle low)
First target of 9500, will update rest on confirmation.
Good luck and Happy trading!
Multiple divergences on RSI - Price making lower lows, RSI making higher lows (this sort of divergence implies that the selling pressure is now fully absorbed and price is ready to move up)
Can go long here with a stop loss below 8500 (Hammer candle low)
First target of 9500, will update rest on confirmation.
Good luck and Happy trading!
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