BuyWill buy above 3125 (40%) and if comes to 3050 (60%) then will average it. Expect 3420 by 30th Sept. 2 stop loss are there 2970 and 2900. I will hold with stop loss of 2900.
Disc : It's not an advise to buy or sell
Bajajauto
Bajaj Auto Trade Setup !TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
Update: Bajaj Auto Bullish View ContinuedToday in the last hour of the market, Bajaj Auto had a breakout to fill the day's gap down opening.
Reason for the breakout was the entire day's bullish consolidation.
My bullish view is further continued in the stock.
The stock performed really well today. Despite a negative news of COVID cases in its largest manufacturing unit, it could still hold its uptrend movement in the last hour.
BajajAuto: COVID cases may blow the uptrend movement for a whileI had a continued bullish view in swing. The analysis was further supported by the formation of morning star pattern in the last three days of the week (shown on chart).
But the recent news of the death of workers due to COVID may blow the uptrend movement for a while.
The uptrend resistance of 2900+ level (see chart) may come to play!
Better to wait.
Bajaj-Auto: Bullish ViewNote: This is for educational purpose only.
RSI above 60 with increase in buying volume indicates bullish momentum.
Bajaj auto , Simple !!!Moving in a simple bullish parallel channel , dont go for complex charting .
follow simple approach and you may make money .
Happy Trading. :)
BAJAJ AUTO PITCHFORK PATTERN CAN BREAK NOW !Hey there !!
From April Bajaj Auto ltd. is following PITCHFORK PATTERN and taken a support almost 7-8 times on a trend line, if trend line got breakout and share got out of PITCHFORK than you can see it may going little deep down. All the best. Happy trading !
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 TUESDAYKey Levels for RELIANCE : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1760.35
FIRST TARGET~1771.15
INTERIM RESISTANCE~1782
FINAL RESISTANCE~1793.50
********************************
LOWER BREAKOUT~1739.95
FIRST TARGET~1726.55
INTERIM SUPPORT~1711.25
FINAL SUPPORT~1688.95
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 23/06/2020 TUESDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10366
FIRST TARGET~10413
INTERIM RESISTANCE~10456
FINAL RESISTANCE~10502
*****************************
LOWER BREAKOUT~10287
FIRST TARGET~10246
INTERIM SUPPORT~10195
FINAL SUPPORT~10137
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Bajaj AutoTried for breakout multiple times, Look at the volume expansion at the time of breakout,
May get Breakout/Breakdown from the triangle , Possibility Upside BO
once give breakout can expect target of 2693,2703++
Bajaj AutoIs is at major demand zone, Look it took breakout previously but could not sustain, now its near demand zone
once it goes breaks triangle go long for target of 2690 and 2700++
May take breakout / breakdown possibility Break out.
Wait for confirmation !!!
moving in a upward channel it will surely touch the upward channel trend line so can buy for that target and then again re enter if it breaks above it
