Bajaj Auto (Ready to Breakout or Breakdown ?)

Bajaj Auto has formed a triangle just like Heromotoco. However there are a few interesting formation building up in a larger time frame i suggest you have a look at the monthly TF and you will understand why the Red Line. Prices might be driven on sentiments regarding the incoming auto numbers on the 1st of October so any breach might be halted/stopped out in case the numbers support an opposite trend. Otherwise a breach should take the price in the direction of the breach.
Trade with Caution