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:-...
Bajaj Auto Ltd - 05.08.2022
The stock is trading @ 4013 levels
There is a HEAD & SHOULDERS Candlestick Formation in Weekly Chart (Neckline @ 3800; Lower Level @3050)
The prices are above EMA
STOCHASTIC is OVERBOUGHT
RSI is 61 in Weekly Chart
Watch out for the price action
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...
Hello, bajaj auto long-term swing trade buy: 2,670 target: 4,330 stoploss: 2,460.
LOGIC BEHIND TRADE: Stock has formed w pattern on 1w chart & given breakout of dynamic trendline & static resistance, pull back buying strategy (target identified from harmonic xabcd pattern level 1.131) stoploss is tajen low of resistance candle. RR looks good for long term...
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 on daily time frame has formed a bullish engulfing chart pattern.
The pattern is a bullish chart pattern and can give an up move.
Wait for the price to break the high of today's candle.
The target levels are marked in the chart.
Hi everyone, Bajaj auto mid term swing trade consider buy above: 3,375, target: 3,650, stoploss: 3,295.
LOGIC BEHIND TRADE: Stock has recently bounced from (harmonic xabcd pattern level 1.272) & it has given breakout of it`s resistance buying on pull back is idea & make RR good target is taken previous support it will be resistance for now & stoploss is taken low...
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.
![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]")
