BAJAJ AUTO SWING TRADEHello, bajaj auto long-term swing trade buy: 2,670 target: 4,330 stoploss: 2,460.
LOGIC BEHIND TRADE: Stock has formed w pattern on 1w chart & given breakout of dynamic trendline & static resistance, pull back buying strategy (target identified from harmonic xabcd pattern level 1.131) stoploss is tajen low of resistance candle. RR looks good for long term traders. NSE:BAJAJ_AUTO
Bajajauto
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalBAJAJ AUTO
Stock recently give trendline breakout and trading at Resistance level
Buy above 3770 for target of 3800.
Can be buy Intraday also with 5min chart for Support and resistance level for target and SL levels
If sustain above 3800 positionally good for targets of 3850/3900
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Bajaj Auto (Bullish View)Bajaj Auto (Weekly):
1. Double Bottom / W breakout
2. Trendline Breakout
3. Trading above 200 Days Moving Average
4. Positive Crossover of 5,13 Days Exponential Moving Average
5. Increasing Volumes
6. Target 1- 4000
Addl Points:
1. FII/FPI have decreased holdings from 11.21% to 10.20% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 4.88% to 5.03% in Dec 2021 qtr.
Note:
The above analysis is just for educational purpose.
Simple Trade Setup | BAJAJ AUTO | 28-03-2022 [INTRADAY]NSE:BAJAJ_AUTO
Observations:
1) 15 min time frame chart for reference.
Please refer below chart : 15min Time Frame.
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Trade Setup for 28-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Is Bajaj Auto at The Tipping Point To Start Bearish Move?Key Level: 3631
Quick explanation:
Bajaj auto has started rejecting demand pressure.
Price is bullish above pivot level 3629, But if the price fails to break the crucial pivot, traders can go short for the following targets: 3573 - 3441 - 3345.
Detailed study:
Bajaj Auto has been forming a downtrend channel for more than 14 months. It has created an all-time high of 4361 and started its secondary downtrend move. Bajaj auto has three rejections on the upper band & lower band.
Currently, the price is on the top upper band of the parallel channel and facing resistance.
If the price fails to break the parallel channel, traders can expect a price touch on the control line.
The Control line has seven confirmation points, which validates the strength of the control line. We can see a pivot level of 3629 with five flip-flop confirmations. Bajaj auto is bullish above 3629, but the breakdown of this level will create concern for the buyers.
bajaj auto for very very long termAs we can see yellow trendline, i have shown how bears trapped bulls after touching trendline and fell two times but third time, this resistance trendline was finally breached upside. Now the thing is in monthly timeframe this trendline is never retested to bounce back and continue uptrend. So according to me, this line will be tested and work as extreme support and this time bulls will trap bears on this line as shown on chart. So, buy in delivery near 3106 for target of 5600. Also note that 3480 is very good support if we see in monthly timeframe. So, We can only see price action when this level is hit, target from here also will be 5600.
good luck
BAJAJ AUTO MID-TERM SWING TRADE!Hi everyone, Bajaj auto mid term swing trade consider buy above: 3,375, target: 3,650, stoploss: 3,295.
LOGIC BEHIND TRADE: Stock has recently bounced from (harmonic xabcd pattern level 1.272) & it has given breakout of it`s resistance buying on pull back is idea & make RR good target is taken previous support it will be resistance for now & stoploss is taken low of resistance candle. NSE:BAJAJ_AUTO