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 Analysis ∘ Demand zone forms before an uptrend
Buy BajajAuto target 4049 because it now on its major support and it's target is resistance which is 4049.
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"