Bajajautolong
Bajaj Auto positional trading ideaBreakout done with an average volume. If the next candle crosses above the breakout candle, it may go upside further.
the trend is strong bullish.
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BAJFINANCE can fall or consolidate hereNot holding this stock. Posting this idea to try and predict stock movement
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BAJAJ AUTO for 30% (approx..)GainBajaj Auto is showing ATH breakout on monthly chart with good amount of volume. Marubozu candle on ATH show's great strength of the stock. The probability of success is approx 80-90% according to the previous data. Please do not forget the Disclaimer and Disclosure.
CMP : 4431
TG : 5600
SL : candle's low
R/R : 3 times (Risk to Reward)
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Marubozu candle , Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
Disclosure : Holding
Breakout Analysis: BAJAJ Auto Reaches All-Time HighOverview
BAJAJ Auto has given a beautiful breakout of its all-time high with impressive trading volume.
Currently trading at an all-time high, this presents an exciting trading opportunity.
Today's candle is notably bullish, signaling strong potential for gains.
Why It Matters
Breakout : When a stock breaks through a key resistance level (like an all-time high), it often signifies a bullish trend.
Volume : High trading volume confirms the strength of a breakout.
Bullish Candle : A bullish candle indicates that buyers are in control and prices may continue to rise.
Remember
This analysis is for educational purposes only , and I am not a SEBI registered analyst.
Always conduct your own research and consider your risk tolerance.
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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.
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 .
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.
BAJAJ AUTO SWING TRADEHello, 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 traders. NSE:BAJAJ_AUTO
Is Bajaj Auto at The Tipping Point To Start Bearish Move?Key Level: 3631
Quick explanation:
Bajaj auto has started rejecting demand pressure.
Price is bullish above pivot level 3629, But if the price fails to break the crucial pivot, traders can go short for the following targets: 3573 - 3441 - 3345.
Detailed study:
Bajaj Auto has been forming a downtrend channel for more than 14 months. It has created an all-time high of 4361 and started its secondary downtrend move. Bajaj auto has three rejections on the upper band & lower band.
Currently, the price is on the top upper band of the parallel channel and facing resistance.
If the price fails to break the parallel channel, traders can expect a price touch on the control line.
The Control line has seven confirmation points, which validates the strength of the control line. We can see a pivot level of 3629 with five flip-flop confirmations. Bajaj auto is bullish above 3629, but the breakdown of this level will create concern for the buyers.
BAJAJ AUTO MID-TERM SWING TRADE!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 of resistance candle. NSE:BAJAJ_AUTO
Bajaj Auto - Bullish TrendNote: This is for educational purpose only.
There seems to be price rising with volume. Sustaining above 3410 might show an up-move. RSI above 60 indicates bullish momentum. Moreover, relative strength has just crossed above Nifty which indicates bullishness in trend.
SL: 3230
🏍 Bajaj Auto Swing Trade Opportunity 🛺NSE:BAJAJ_AUTO
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 As One can see, This pattern is extended pattern, that's why stop loss quite big. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should take Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 3180
PRZ 2 :- 3165.5
SL :- 3051.85 (Closing Basis)
Target 1:- 3226
Target 2:- 3278
Target 3:- 3349 and more Trailing basis
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Ask doubts in comments below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.