maruti suzuki is going through tough times and may see even more panic
but as its market leader will surivive and emerge victorious
although may take time but still nothing wrong to stay in it
NIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not...
Buy Bajaj Auto at 2900 SL 2850 tgt 2990.
Inverted H&S has been formed and broken on hourly chart. Counter is trading in consolidation phase of 2800-3100. CCI has crossed above -100 line on daily chart.
Tail doesn't always mean that the price will reverse.If the second candle is long down from the tail it means that price will move down.
The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price action.
The market gives value to certain price areas.
See daily chart the...
I always try to alert the small investors because i am one of the same
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THE INFORMATION IN MY IDEAS IS PROVIDE FOR EDUCATIONAL OR INFORMATION PURPOSES ONLY.
THIS IS NOT FINANCIAL ADVICE.
ENJOY SOME PROFITS
MAKE SURE TO HIT THE LIKE/SUPPORT...
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.
We had posted our bullish view on Bajaj Auto on 2nd April 2019 (report is appended below). Buying was advised in 2825-2810 range which couldn't initiate. Stock posted bottom 2831 on 3rd April (green arrow) and then started upward journey in zig zag style. On 23rd May, it tested high of 3145 and then saw correction. We'll remain bullish on counter till the time it...
Bajaj Auto has broken out of Symmetrical triangle on 30 minutes chart. Volume on breakout is high which suggest that upward momentum will continue for time being. Buy Bajaj Auto in 3095-3075 range with stop loss below 3040 for target 3200.
NSE:BAJAJ_AUTO
Bajaj Auto has confirmed trend line breakout on Firday's session.
If starts trading above Friday high we can expect more upside in this counter.
