Bajaj auto can be bought for a target of 3690-3700 once it breaks the parallel channel. It is forming flag and pole pattern. It's only for buy.
Note: This is for educational purpose only. There seems to be price rising with volume. Sustaining above 3410 might show an up-move. RSI above 60 indicates bullish momentum. Moreover, relative strength has just crossed above Nifty which indicates bullishness in trend. SL: 3230
2 wheeler space has been hammered by the stock market. Hero and Bajaj are both under-performing the market. However, from the current support level, Bajaj has shown strength. Hence, one can look to accumulate it for targets of Rs.3800
BAJAJ AUTO touches its support and reverse back Check out the confirmation in the chart Hit LIKE button if you like the analysis. Thanks.
NSE:BAJAJ_AUTO The Stock has already corrected 38.2% from the top and displaying strong support around 3150. The next support zone can be 2850 below which it is weak. Idea: Buy only 40% of your target volume and add more on dips till 2850.
BAJAJ AUTO IS GOOD COMPANY It show underperformance from long period of time and i think now it can show strength
this chart is for educational purpose only. technical analysis as on 08/12/2021 close of business name value rsi(14) 63.411 stoch(9,6) 69.307 stochrsi(14) 100.0 macd(12,26) 9.910 adx(14) 33.485 williams %r -5.138 cci(14) 181.4269 atr(14) 18.1821 highs/lows(14) 19.0358 ultimate oscillator 57.350 roc 1.866 bull/bear power(13) 49.4801
NSE:BAJAJ_AUTO 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 As One can see, This...
BAJAJ AUTO weekly time frame multiple harmonic pattern formation good long candidate
BAJAJ_AUTO is taking support on weekly chart by forming bullish candle. If starts trading above 3365, good opportunity for long position. Trader should keep SL 3222 on closing basis. First target might be 3470. So keep eye on Bajaj Auto for low risk high reward trade.
Where will Bajaj Auto head to ? Reasons/Traits : • Bullish Bat Harmonic Pattern formation is seen (Uptrend) • Bear flag pattern is seen (Downtrend) • Todays close is exactly at 200 EMA and taking 3rd time support on the Bear flag pattern channel (Support) • Last 3 candle sticks form three black crows candle stick pattern (Downtrend) • Recent swing retracement...
Bajaj Auto important levels for long term investment Level 3 = 3338 Level 2 = 2485 Level 1 = 1905
Bajaj Auto has broke a trend line. It can now go bullish, enter once it breaks 200 EMA on 15 min time frame. Place logical Stop-loss . The probability could less because the market is too much volatile now a days.
Bajaj Auto Harmonic Pattern. Lets see will it follow??
Dear All, If you have a look on chart where Share Price had break it's major support at 3473 and closed at 3444. Now as per my analysis, this share will decline more towards 3300 level now where as it has a support at 3368 level but most likely it will break that level as well and reason are as below:- Reason for such prediction - #1 ) On RSI, it forms a...
Simple Analysis..............................................................................................................................
Chart wise double top break down potential exit on weekly charts and any 3447 previous swing low broken Could see more downfall. The momentum on short term and medium term has entered bear zones .Trend Indicators also bearish on all timeframes. Bollinger band spill out happened on weekly charts as well indicator bearishness ahead. Entry could be on daily on breach...
long now with very good risk to reward, maintain stop of only 3617 on close basis for target of 3828-3970