Logic: BAJAJ AUTO is creating an up flag pattern on the weekly, followed by uptrend on the Daily.
The marked demand is strong setup.
Inspite of the fact that a stronger zone exist below that zone, but with understanding that if prices retrace into the below level the strength might be lost for an upmove.
The zone also is near 21 DEMA level.
Hence considering that and keeping strict SL below the marked level of atleast 10%DATR, long opportunities can be seen.
The marked demand is strong setup.
Inspite of the fact that a stronger zone exist below that zone, but with understanding that if prices retrace into the below level the strength might be lost for an upmove.
The zone also is near 21 DEMA level.
Hence considering that and keeping strict SL below the marked level of atleast 10%DATR, long opportunities can be seen.
#Take proper position size
#Safe trading
#Safe trading
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
#Take proper position size
#Safe trading
#Safe trading
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.