Bajaj Auto Swing 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.
Bajajautolong
Simple Trade Setup | BAJAJ AUTO | 25-10-2021 [ INTRADAY]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 increasing in last 4 days.
Please refer below chart : 1day Time Frame.
2) On daily time frame, we can see the immediate critical resistance zone is from 3873-3885.
Please refer below chart : 1day Time Frame.
3) On 1hr time frame now the resistance line worked as support trendline. It took support from it today.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 25-10-2021:
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 hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BAJAJ AUTOThis 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.
breakout with good intensity of volume
current wave structure could be like this
macd in weekly uptick above zero line
macd in daily positive and uptick and also above zero line
rsi in daily above 60
dmi adx positive ungali setup in weekly
dmi adx positive ungali setup in daily
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Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
HAMARA BAJAJ LOOKING GOOD TO BUY 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
LONG ON BAJAJ AUTOBajaj 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 / WHAT WILL BE THE NEXT TARGET???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
Bajaj Auto - Bullish BreakoutNote: 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 showing a big divergence in RSIOn 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 its fibonacci retracement levels.
BAJAJAUTO Ready To MoveBAJAJAUTO 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 - Swing tradeBajaj auto looks very good for a swing trade entry at CMP. Taking support over TL. 1:2+ RR setup. Plan your risk before taking any trade.
Buy BajajAuto target 4049Buy BajajAuto target 4049 because it now on its major support and it's target is resistance which is 4049.
Buy opportunity on day time frameShort term
Buy Range 3780 -3857
tgt-4014 ,4117,4252
sl-3740
Take trade at your own risk
BAJAJ AUTO LTD . ITS IS CUP WITH HANDLEHi guys its a one of the best pattern in chart .And wait till the break till the supply line then you can buy it.
BAJAJ AUTO LONG.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 minutes.
LONG ABOVE : 4200
STOP LOSS : 4030
TARGET 1 : 4370
TARGET 2 : 4540
BAJAJAUTO resistance may act as support , 1:10 R:R ratioI will buy BAJAJAUTO because :
The price broke the resistance.
It showed a good move upwards after breaking Resistance.
The price is now at support the resistance may act as SUPPORT.
Entry : 3502
Target : 4244
Stop loss : 3372
BAJAJ AUTO POTENTIAL TO GIVE 20% PROFITBajaj auto if sustain to close above 4190 on weekly basis than we see a good up side move of 20% for a TARGET OF 4990
Bajaj Auto showing good breakoutWith an upside of 196 points Bajaj Auto has given a good breakout on daily chart.
Trade with caution.
Bajaj Auto Flag BONSE:BAJAJ_AUTO
buy now some qty
add more near 3950
SL 3975
T 4100 4250
more expected above 4380
BAJAJ AUTO : Positional Buy Trade SetupNSE:BAJAJ_AUTO
Hi Traders,
BAJAJ_AUTO trade setup and entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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