Long Bajaj CorpNSE:BAJAJCORP can be long from here as came near to its support and also taken good correction again it will kiss the nearest high point of 430 and next can be 460-470. Long can be initiated with the stoploss of 370 from the current levels.
Do your research before taking any position, All the best.
Bajaj
Head and Shoulder formation on Bajaj AutoHead and Shoulder formation on Bajaj Auto and MACD seems strong bullish trend.
Trade:
Buy above = 2846
Target 1 = 2867
Target 2 = 2884
Stop loss = 2825
Symmetric Triangle on Bajaj AutoSymmetric Triangle on Bajaj Auto and may break either side.
Trade:
Make Side:
Buy above - 2788
Target - 2904
Stop loss - 2685
Break Side:
Short below - 2550
Target - 2396
Stop loss - 2615
Bajaj Auto - Weekly Trendline Breakout It is been observed on Daily and Weekly chart that the price action breaks above the prior downward trend line indicating a further bullish move ahead. Now, it shall further move up to 38.2% and 50% retracement levels.
Target: 2800
Stoploss: 2650
Risk Reward: 1:1
