Bajaj Auto is currently near it's ATH, and is getting ready for another rally in short term. The target is calculated using the ABCD pattern of Harmonics. Current daily candle tried to break ATH level but gave a closing below it. So, candle closing above 8700 will decide whether it will move upside or not. However, this is a perfect example of price action of a...
Date : 24-03-2024
Buy Bajaj Auto above 9056
Target of 9174-9292-9472
SL 8300
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Bajaj Auto is Bullish, only for Positional trade at BUY ZONE (8451- 8584) when a Day candle closes above the Buy zone.
Stoploss is 8451 . when day candle closes below 8451.
Target zone is 9636- 9867.
Note: Only for Educational Purpose.
Learn and Practice
#BAJAJ_AUTO trading above Resistance of 8903
Next Resistance is at 9877
Support is at 7736
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and...
#BAJAJ_AUTO trading above Resistance of 7865
Next Resistance is at 8903
Support is at 6186
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
BAJ AUTO ready for NEW ALL TIME HIGH
Baj Auto is following good Price Action. wait for Trendline Breakout for New All Time High
Follow Chart For Levels
As you can see clearly the bajaj auto has given a breakout on last traded day so with retracement or pull back it will remain bullish we can go for long and keep stop losses at previous day low
This is my observation for educational purposes. Not an investment tip
1. Supply & Demand Zones.
2. Support & Resistance.
3. Bullish & Bearish Order Blocks.
as shown on main chart.
Like other technical knowledge, This also are not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No...
The chart is self-explanatory and shared for educational purposes.
1. Moving Averages (MA): Bajaj-Auto stock trades above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend.
2. Trendline Support: The stock has strong trendline support with high volume suggesting that there is a...
