earlier the RSI levels re working as support, but now it started working as resistance.
It may go upto 2890-2900( FIBO-63.8 levels), there it will again face resistance.
as per PA, it has formed Inside bar, so currently it is in wait and watch position.
Buy above 2840 for 2900
Double Top pattern spotted in Bajaj Auto. If the pattern is confirmed by breaching 2900 levels, the stock can be expected to fall nearly 7% towards 2710. Do notice that rising Trendline is broken.
Apparently, 61.8% FIB falls at 2710 making it a considerable support.
Based on my PredictiveSystem's signals, today (09-May) its going to be a RED candle for NSE:BAJAJ_AUTO
Sell below: 2884.7
Stop loss: 2907.8
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own...
Hi All ,
Remember " Hamara Bajaj" (Advertise) - yep we still love it
No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with 1 lot.
Target shown on chart. Let it go in any direction we will make money.
Buy 2800 April call @ 59
Buy 2800 April put @ 53
Execute folks , execute.
Options are risky consult your financial...