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...
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...
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...
Note: 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
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...
BAJAJ_AUTO is taking support on weekly chart by forming bullish candle. If starts trading above 3365, good opportunity for long position. Trader should keep SL 3222 on closing basis. First target might be 3470. So keep eye on Bajaj Auto for low risk high reward trade.
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...
![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]")
