Bajaj Auto has already given the breakout, 3900 level was the strong resistance,
And Bajaj Auto share already broke the level on today.
So for tomorrow we can expect the good move and it wil more strong, once it goes above 4000,
Short term targets is 4200.
What's your view on this comment below in the box.
Negative divergence + RSI failure + long upper wick + no volume range expansion on lower side (means sellers can easily push price lower without any resistance from the buyer).
It can retest 3950 -3800 if holds 4275 on daily closing basis.
Disc : it's not an investment advice to buy or sell
ADANIPORTS - Current Position is Sell, sold on 2020-11-19 at 387.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if ADANIPORTS closes above 380.61
ASIANPAINT - Current Position is Buy, bought on 2020-11-23 at 2168.82. Action for Next Trading Day: Continue LONG and reverse to SHORT if ASIANPAINT closes below 2177.59
AXISBANK - Current Position...
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...