Bajaj Auto Ltd - 24.06.2022
The stock is trading @ 3813 levels
There is a HEAD & SHOULDERS Candle Formation in Weekly Chart
The prices are above EMA
Let the prices go above 3845
One can initiate a BUY Position above 3842 with SUPPORT @ 3742
Watch out for the price action
Bajaj 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...
📈 Bajaj Auto Ltd. 📉
This Stock broke out from a Resistance zone of 3640-3675 after testing three times. This Resistance zone has more importance because earlier in 2021 it was acting as support also as you can see in chart.
I am biased on long side though todays candle is not strong but for me closing is important.
On Buy Side I am looking for initial Targets...
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...
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.
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...
NSE:BAJAJ_AUTO
Observations:
1) On daily time, it took support from 50DMA and and closed below 200DMA. Good thing is that today it went up above 200DMA.
And now stucked with green candle between 50DMA and 200DMA.
Breakout of 200DMA will give it good up move. 200DMA is placed at 3882.65.
50DMA will work as immediate support.
Also volume has been...
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.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bajaj auto has formed a cup and handle pattern and with the recent rise in the auto sector, this stock can continue to move in an uptrend!
Enter after a retest
BAJAJ AUTO auto gave a break of its previous higher high so can expect next target 4000
if BAJAJ AUTO close above 4020 next target will be 4200
support like and follow
Note: 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.
Sell if sustains below 3625 for the targets of 3560 and 3510 until 3685 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
if it supposed to be break the support area at 3469.55 short below that candle
BEST opportunity
#SHORT SELLING
ENTRY - low of support breaking candle
TARGET 1 - 3435.30 , TARGET 2 - 3407.20
STOP LOSS - high of the support breaking candle
"happy trading"
![BAJAJ_AUTO: Simple Trade Setup | BAJAJ AUTO | 28-03-2022 [INTRADAY]](https://s3.tradingview.com/7/7XJD03ru_mid.png "Simple Trade Setup | BAJAJ AUTO | 28-03-2022 [INTRADAY]")
![BAJAJ_AUTO: Simple Trade Setup | BAJAJ AUTO | 25-10-2021 [ INTRADAY]](https://s3.tradingview.com/s/SkcwRhf8_mid.png "Simple Trade Setup | BAJAJ AUTO | 25-10-2021 [ INTRADAY]")
