Bajaj Auto has broke a trend line. It can now go bullish, enter once it breaks 200 EMA on 15 min time frame. Place logical Stop-loss . The probability could less because the market is too much volatile now a days.
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...
This stock has recently done breakout in daily time frame with good intensity of volume, and it looks like new impulse as a wave 3 has been started, as wave 3 unfolds we can see this stock at 4000 - 4200 levels, on down side 3830 is a crucial support which is 20 sma mid bollinger band and coincide 40 day ema, both are around same levels to watch out for....
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.
On wedenesday the goverment of india also rs 26,058 crore for PLI(production-linked Incentive) scheme for auto, auto component industry and drone industry to enhance manufacturing in india.
RSI of NSE:BAJAJ_AUTO also showing a positive divergence in its daily chart. You can go for long on the daily chart of the bajaj auto. With the stop loss of 3805 because of...
BAJAJAUTO including all other auto stocks has fallen severely. All of them has formed a base for more than a month. Range is going to break soon.
Buy- Accumulate near 3700
Sl- 3600
Target-4050 4250
BAJAJ AUTO is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume. Keep watch on it for upward continuation, target would be achieved if it breaks above 4300 on a closing basis. Initiate trade only when price sustains above 4200 for at least 15...
![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]")
