Bajaj Auto Daily Chart Analysis
Checkout the chart for the levels. The chart looks bearish. Double top at 50dma level. Price reversed and moving down to next support level.
Below is a chart which i used for sharing my simple strategy of short selling. When i was posting these charts i was using chart patterns for the confirmation of the price movement. All decisions where made based on Price Action only. I used Support and resistance level to make decision of short selling. This pattern is repeated almost everyday.
I was thinking whether i am technically right or wrong and today i found the proof that what i was considering as pattern is not just a pattern but technically right pattern.
I used bajaj Auto chart for showing the strategy. Today when i was checking the daily chart of Bajaj Auto what i found is the BIG MOVE happened when bajaj auto made double top in daily chart. And move over the price revered from 50dma level.
Check the strategy i shared. On daily chart this is Big red candle below 50dma level.
Checkout the chart for the levels. The chart looks bearish. Double top at 50dma level. Price reversed and moving down to next support level.
Below is a chart which i used for sharing my simple strategy of short selling. When i was posting these charts i was using chart patterns for the confirmation of the price movement. All decisions where made based on Price Action only. I used Support and resistance level to make decision of short selling. This pattern is repeated almost everyday.
I was thinking whether i am technically right or wrong and today i found the proof that what i was considering as pattern is not just a pattern but technically right pattern.
I used bajaj Auto chart for showing the strategy. Today when i was checking the daily chart of Bajaj Auto what i found is the BIG MOVE happened when bajaj auto made double top in daily chart. And move over the price revered from 50dma level.
Check the strategy i shared. On daily chart this is Big red candle below 50dma level.
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