As per my wave analysis, BAJAJ_AUTO has a good RR for UP side.
Swing traders can go for it.. details on the chart for Targets and SL.
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A basic support-resistance trade. The trend arrived at previous support and reversed. The long wick of the red candle indicates bullishness. Next candle is red owing to geopolitical scenario. Enter with futures, EQ when a green candle is confirmed. Keep SL at 2698.86. If SL is hit then short 2700CE, or exit the trade
Trail the stop loss if it turns positive. If SL
stock after a fall
no trading in a range
might see resumption of original trend
one can look into this stock below 2810 for tgts towards 2742/2702
with sl placed around 2868
After a vertical crash from 3046 levels to 2757 levels price managed trade on side ways node for several days, Now price slowly picking up the momentum for shorter term traders can in the buy zone As there is triangle breakout in the charts, Price manged to open above 50MA with volumes these good indication for shorter term traders to trade. for more levels stay...
Stock currently at 2885 is trading at crucial support. Break of trendline can push the stock towards 2785 and below. Stop for this trade would be 2940. Macd also looks bearish
Should go long at current price, SL 2850. Tgt: 2894.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
Today Auto Index went up by 3.6% and all auto stocks were up by 3-5% but surprisingly Bajaj Auto went up by only 0.73%. All two wheeler stocks like Hero, Eicher, TVS etc closed well in green, Maruti made all time highs.
Budget focus on reviving rural demand is quite positive for two wheelers. Let's see if it goes to its previous highs or not. Buy with Stop loss...
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BSE:BAJAJ_AUTO
