Bajaj Auto (Bullish View)

Bajaj Auto (Weekly):
1. Double Bottom / W breakout
2. Trendline Breakout
3. Trading above 200 Days Moving Average
4. Positive Crossover of 5,13 Days Exponential Moving Average
5. Increasing Volumes
6. Target 1- 4000

Addl Points:
1. FII/FPI have decreased holdings from 11.21% to 10.20% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 4.88% to 5.03% in Dec 2021 qtr.

Note:
The above analysis is just for educational purpose.