BAJAJ AUTO possible bullish move in weekly chartsBAJAJ AUTO: A breakout above 4048 with good volume breakout then we can chase for 4200 as initial Target.
A further breakout above 4212 can push it till 4400. Need assurance with volume breakout before making an entry.
Stop Loss once breakout happens can be kept at 3940 below and further on next candle's low for safe trading.
Bajajauto
HAMARA BAJAJ LOOKING GOOD TO BUY Bajaj Auto looks good to buy around 3850-3800 Range and can more if you get near the green trendline.
Hold Bajaj Auto for upper targets marked on the chart until we lower green trendline is intact on a daily closing basis.
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InvestPro India Team
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BUY Bajaj auto Buy bajaj auto above 3924 for the target of 4000 and 4121. After a very long consolidation, The Auto stock is showing bullishness so keep good Auto stock on your watch list.
Disclaimer This is only for educational purposes, Please do your own analysis before investing hard-earned money.
Bajaj Auto - Bullish BreakoutNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish breakout with volume. Relative strength of the stocks seems to be crossing above which indicates strength. Moreover, RSI above 60 indicates bullish momentum.
SL: 3800.
Bajaj Auto showing a big divergence in RSIOn wedenesday the goverment of india also rs 26,058 crore for PLI(production-linked Incentive) scheme for auto, auto component industry and drone industry to enhance manufacturing in india.
RSI of NSE:BAJAJ_AUTO also showing a positive divergence in its daily chart. You can go for long on the daily chart of the bajaj auto. With the stop loss of 3805 because of its fibonacci retracement levels.