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
Bajajautotechnicalanalysis
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.
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
Buy BajajAuto target 4049Buy BajajAuto target 4049 because it now on its major support and it's target is resistance which is 4049.
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
Bajaj Auto showing good breakoutWith an upside of 196 points Bajaj Auto has given a good breakout on daily chart.
Trade with caution.
Short BajajAutoSell 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
Bajaj Auto Gap FillThe stock might fill its gap in upcoming session.
These are my personal Views and trade as per your own analysis.
