Bajaj Finance: Boxes and Breakouts
Bajaj narrows down in a price range in a parallel box, followed by a breakout.
Every breakout suffers a minor pullback and then uptrend resumes.
Current price levels have came out of parallel box. A bit exhaustion can be observed and even volumes have dropped a bit.
After a minor pullback , it will upmove again.
Please note there is a resistance zone near 3800 levels so it has to cross the zone for more upmove till 4100.
Every breakout suffers a minor pullback and then uptrend resumes.
Current price levels have came out of parallel box. A bit exhaustion can be observed and even volumes have dropped a bit.
After a minor pullback , it will upmove again.
Please note there is a resistance zone near 3800 levels so it has to cross the zone for more upmove till 4100.
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