Bajajauto
BAJAJ AUTO : Positional Buy Trade SetupNSE:BAJAJ_AUTO
Hi Traders,
BAJAJ_AUTO trade setup and entry and target level on chart.
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* This analysis is educational/learning purpose only.
* Trade at your own risk.
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BAJAJ-AUTO - Triangle Pattern - #MarketMattersA triangle pattern is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Bajaj Auto- Great candidate for positional tradingThe analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
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Bajaj Auto | Accumulation done with breakout | CMP = 2957.70
Target = 3273
Stoploss = 2797
lot size = 250
At a support zone shares are accumulated for nearly 7 trading days and now on the 8th day there is a breakout with decent volume
It can be false breakout also so be cautious before making trading decision
so we can see a good upside movement ahead
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Educational purpose only
BAJAJ AUTO LTD. LOOKS UPSIDE BAJAJ-AUTO LTD. has made good Support on bottom line @ 2840
Also has made Dragonfly Doji Pattern which shows some Recovery for Upside.
BAJAJ-AUTO
Made a good Support @2840
DRAGONFLY DOJI CANDLE PATTERN
CMP @2898.20
TGT-- 2.970--3030
Stop Loss @ 2840
2-3 Days Expected
{ALL MY VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
Bajaj Auto 5th down wave startBajaj Auto is completing 4th wave consolidation in triangle and should start next leg of fall.
Short between 2900-2930 SL 2960 tgt 2750-2720
Disclaimer: For information purpose only, plotted values may differ in actual movement. Not to be used for FnO trades. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing/trading.