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
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"
