Bajaj Auto Ltd has formed a doji with high volume after a uptrend. It qualifies it to be a evening star. It moved all the way down to 3146 but it reversed it’s direction and triggered the stop loss. The target = Sell Price – 2 * (Stop Loss Price – Sell Price). May be we have to flexible with the target when the length of the upper and lower tail of doji is higher than usual.
Bajaj Auto Ltd – Bearish – Stop Loss Triggered – Evening Star
