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Bajajautobuy

Bajaj Auto trade for next week 05/09/22.Bajaj Auto recent created its 52-week high and has formed a doji on the weekly time frame. The stock for previous 6-7 weeks couldn't close above 4092. It has gained around 10% in last two months and seems to retrace before giving a break out the resistance level. The stock is for the bearish movement and can be carried for a nice target. Setup for the trade:- 1. Closed below its 20 DMA. 2. High volumes. 3. A doji on weekly time frame. The stock can be shorted once it takes out the level of 4010. If the stock closed below 4010 on hourly time frame the trade can initiated as the resistance level and its hourly 200 ema will be taken out. Target :- 3956, 3900 Stop loss :- 4028 The trade can be carried for a swing trade and nice target can be attained.
NSE:BAJAJ_AUTOShort
by Mambotrade
2
Bajaj Auto Technical studies For Swing TradersBajaj 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 bearish candles. Swing traders can wait for the breakout of the trendline of the wedge pattern. If it breaks down the lower trendline of the wedge pattern, we can expect a good downfall. Targets: 3603 - 3525 - 3386 and more. Invalidation: Breakout of the parallel channel. Thank you! Money_Dictators Disclaimer: This is NOT investment advice. Invest your capital at your own risk .
NSE:BAJAJ_AUTO
by Money_Dictators
2
Bajaj Auto Ltd Breakout !! 📈 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 of 3800 and 4000. StopLoss should be kept at 3550. It offers 1:2 Risk Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:BAJAJ_AUTOLong
by ShelendrAgrawal
Simple Trade Setup | BAJAJ AUTO | 25-10-2021 [ INTRADAY]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 increasing in last 4 days. Please refer below chart : 1day Time Frame. 2) On daily time frame, we can see the immediate critical resistance zone is from 3873-3885. Please refer below chart : 1day Time Frame. 3) On 1hr time frame now the resistance line worked as support trendline. It took support from it today. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 25-10-2021: 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.
NSE:BAJAJ_AUTO
by Trading_hawk