Bajajautotrade
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.
Late night Technical analysis talk - 20 Stocks in 20 minsTrading ideology and some important key points to rem : ( Have a good trading session guys )
Sail trade: let it break 1hr Trianglepattern to initiate a good buy by respecting risk and holding it if it converts into a winning trade
Tata steel: Gave a breakout on 25 June on D chart and retest on 2 July then broke the major hurdle of 1180 levels, on 1hr a good long trade can be initiated there
until and unless it is above 1230 levels it's bullish and might rally for higher levels, let it create a good pattern or structure above 1230 to make it tradable
Bajaj Auto: Breakout of symmetrical triangle pattern for downside on 8 July led the trigger of a great fall, now it is creating a channel pattern on 1hr that to a downtrend parallel channel
Just dial: after a super move in the north direction the stock is resting on a good trendline, lets see if it creates a bullish green bar on D chart here, that would be our trade activation
JYOTHI LABS : Big broadening pattern, inside it gave a wedge pattern bullish side breakout with 3% candle small risk and hige rewards achieved on this trade, now touched the upper side of the broadening pattern and consolidating there
on 1hr it is making a really nice tradable pattern, if broken a trade can be planned out and trade with proper risk management rules
Motheron sumi : Stock is sideways on D chart btw the levels of 230 and 245 but also making a good trendline on 1hr that if broken with a close above 245 can be a really good long for higher levels, let it break first then will trade our plan
TCS : Multiple times taking support from the one good supportive trendline, again the stock is there creating a fresh moment for upside, trade is already activated here on 1hr TF with 2% risk and 6% rewards
TechM : gave a breakout of a very big broadening pattern also strong on weekly charts too, one can create a trade here only but the risk is 5.5% so rewards can be 6% or above, trade as per :)
Bandhan bank : The banking sector is a weak sector for quite a while now and Bandhan bank is just following them, on 21 June it gave a good breakout with volume and power but again came back to the price of 300, seems quite bearish
Zeel is creating a good symmetrical triangle, I would wait for the stock to come to a supportive trendline and let it make a bullish candle there or create a pattern thereon 1hr to trade it for the next leg of the symmetrical triangle
GSPL: Quite bullish stock multiple breakouts and retest zones created in the video too make you understand its bullishness, also on 1hr it is making a handsome pattern to trade on if broken with a good bullish candle, one should go long as per there setup and risk system
USHAMART : provided analysis yesterday, just a follow up on the idea that it gave a good breakout in today's running market and created a small retest zone there only then a good rally of 7% from the buy point, also closed strong on the D chart
APOLLO : It has given a good breakout of 20% on 29 April, mostly untradale to a lot of people but a stock that must be in your wathc list :) as after that reversal 20% candle, it is now making a good paralle channel on D chart that it is following judisicously
PIIND : Gave a superb breakout on 6/7 april on 1hr and 1D both, a pattern also called as inverted HnS, very effective bullish pattern, now the stock has rallied almsot 40% after it and respecting a good supportive trendline, it has touched it but with a big red candle, let it make a small but bullish
candle on D cahart first, then we will trade our plan
Apollotyres : Creating a good symmetrical traignle on D chart lets see if it can break it then will trade our plan of breakout trading with proper risk system
ACC : Gave a good move after the trendline tested again and a monthly strong bar too can be seen in ACC keep in watchlist
HAL : a good pattern on D chart of triangle type broken some days back and now retested too, but the candle is not that bullish still a trade can be on 1hr, but let it make a good pattern and structure above 1050 levels
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 : Positional Buy Trade SetupNSE:BAJAJ_AUTO
Hi Traders,
BAJAJ_AUTO trade setup and entry and target level on chart.
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* This analysis is educational/learning purpose only.
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