Bajajauto
Bajaj Auto - BullishStock currently holding Hourly Trend Line Support
Strong resistance or breakout area is at 3740-50
Break n pull back can take the stock to its next immediate resistance of upto 3900
Post that it may edge higher upto 4100
For conservative traders entry on pull back with Sl below 3720
For aggressive traders entry at break out of 3740 with trend line as trailing sl (approx 100 points)
BAJAJ AUTO 12.10.2022Stock chart patterns often signal transitions between rising and falling trends. A price pattern is a recognizable configuration of price movement identified using a series of trendlines and/or curves.
When a price pattern signals a change in trend direction, it is known as a reversal pattern; a continuation pattern occurs when the trend continues in its existing direction following a brief pause. There are many patterns used by traders—here is how patterns are made and some of the most popular ones.
Bajaj Finserv Very bullish BreakOut & Retesting DoneNSE:BAJAJFINSV given very Bullish Inverted Head & Shoulder BreakOut....
All the Detaiils are mentioned in the Chart....
STOPLOSS HOULD BE FOLLOWED ON DAILY CLOSSING BASIS.
This is not a recomendation...... This is only for educational perpose
Just to appriciate my effort please boost the post.
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Bajaj Auto trade for next week 05/09/22.Bajaj Auto recent created its 52-week high and has formed a doji on the weekly time frame.
The stock for previous 6-7 weeks couldn't close above 4092.
It has gained around 10% in last two months and seems to retrace before giving a break out the resistance level.
The stock is for the bearish movement and can be carried for a nice target.
Setup for the trade:-
1. Closed below its 20 DMA.
2. High volumes.
3. A doji on weekly time frame.
The stock can be shorted once it takes out the level of 4010.
If the stock closed below 4010 on hourly time frame the trade can initiated as the resistance level and its hourly 200 ema will be taken out.
Target :- 3956, 3900
Stop loss :- 4028
The trade can be carried for a swing trade and nice target can be attained.
Bajaj Auto - Ichimoku Bullish Breakout Stock Name - Bajaj Auto Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 4103
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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Please give a like, it motivates me to do analysis.
POSSIBLE 52 WEEK HIGH BREAKOUT IN BAJAJ AUTO DAILY CHART???In the daily chart we can observe the stock was in a major consolidation phase from past few months. Recently 3980-4050 price levels were tested multiple times. Considering the time gap between these retests, bulls are slowly gaining control. Adding to this, recently we can observe a channel breakout near the major supply zone which suggest clear upper hand of bulls.
And now stock is testing it's previous 52 Week high price 4050.
It is better to take entry when price closes above 4050 and we can see a bullish rally once price closes above 4115 with Stop-loss of 3880.All possible targets are given in the chart.
Situation 2
If it is coming for retest , we can take position around 3950 and stop-loss remains same i.e. 3880.
Take entry with proper risk reward and position sizing is also important for these kind market. Therefore wait for proper breakout candles which is supported by volume.
This is just a view, not a recommendation to trade. Do your own analysis before taking any trade.
NSE:BAJAJ_AUTO
Bajaj Auto - Ichimoku Bullish Breakout Stock Name - Bajaj Auto
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible after it cross 4036
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Triangle Pattern Breakout ImpendingImportant SR levels Update based on volume profile analysis for NSE:BAJAJ_AUTO
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
#supportandresistance #volumeprofileanalysis #stockmarketindia #bajajauto
Bajaj Auto Technical studies For Swing TradersBajaj auto looks bearish in the daily timeframe chart. On Tuesday, It has given a breakout but couldn't hold the supply pressure at the upper trendline of the correction parallel lines.
The breakout became fakeout!
Bajaj auto has created a big belt candle and started falling. According to past performance, If the trend is weak, then the price will make set of bearish candles.
Swing traders can wait for the breakout of the trendline of the wedge pattern. If it breaks down the lower trendline of the wedge pattern, we can expect a good downfall.
Targets: 3603 - 3525 - 3386 and more.
Invalidation: Breakout of the parallel channel.
Thank you!
Money_Dictators
Disclaimer: This is NOT investment advice. Invest your capital at your own risk .