BAJAJ_AUTO trade ideas
BAJAJ AUTO MID-TERM SWING TRADE!Hi everyone, Bajaj auto mid term swing trade consider buy above: 3,375, target: 3,650, stoploss: 3,295.
LOGIC BEHIND TRADE: Stock has recently bounced from (harmonic xabcd pattern level 1.272) & it has given breakout of it`s resistance buying on pull back is idea & make RR good target is taken previous support it will be resistance for now & stoploss is taken low of resistance candle. NSE:BAJAJ_AUTO
BAJAJAUTO is about to breakoutkeep an eye on it
we can go long in it
Ask me SL in DM
Insta handle @queenofstockmarket
Bajaj-Auto - Bearish Trend startUsing the Trend Analysis i find a pattern on the chart which indicates a bearish trend starting from 17th Jan.
I have drawn a line from the last highest to last high before that and find that it is making lower highs
Also the major support at the two earlier swings was at 3474. This level will be tested and I already find that there is selling pressure in the stock from last two trading sessions.
Entry for trade : 3432 or open below 3474
First target looks to be 3373
Second Target looks to be 3223
Third Target will be 3024 from which a strong rebound is expected.
Stop loss to be set at 3475
Bajaj Auto for buyingBajaj auto can be bought for a target of 3690-3700 once it breaks the parallel channel.
It is forming flag and pole pattern. It's only for buy.
bajaj-auto weekly demand and supply zonebajaj-auto weekly demand and supply zone on chart , plan your trade accordingly.
Bajaj auto90% of the pattern completed, so if price move above 3600 concentrate for string trade, if you are invester wait for Nifty retracement
Bajaj Auto Cmp 3435 dated 10.01.2022 STRONG BUYBajaj Auto Cmp 3435 dated 10.01.2022
1. Ascending Triangle Pattern
2. Rounding Pattern On RSI
Buy for a tgt of 3560-3680-3780-3850 SL 3370
It is just a view, pls trade at your own risk.
WXY:Start of second correction wave YBajaj Auto post covid low's in March 2020,has been raising in an corrective manner there by forming WXY double correction.Of this WXY we are done with wave W and wave X,and wave y has begun just before 2 days when it broke past 3372 wave 4 peak.
Wave W:zigzag
Wave X:zigzag
Wave Y:Zigzag(however not clear as of now)
So far we cannt conclude which form wave y will take but minimum target for wave y is coming at 4600,hence one can go long woth wave x low's of 3050 as stop-loss and 4600 as initial target.CMP is 3436 one can go long at cmp and should keep adding till 3200 at every 3% dip from current levels.
Disclaimer:This are just my views on the stocks,position should not be build on its basis,i am posting this just for my future reference.
Bajaj Auto - Bullish TrendNote: This is for educational purpose only.
There seems to be price rising with volume. Sustaining above 3410 might show an up-move. RSI above 60 indicates bullish momentum. Moreover, relative strength has just crossed above Nifty which indicates bullishness in trend.
SL: 3230
Bajaj Auto Rebound2 wheeler space has been hammered by the stock market. Hero and Bajaj are both under-performing the market. However, from the current support level, Bajaj has shown strength. Hence, one can look to accumulate it for targets of Rs.3800
Bajaj-Auto Analysis and Buying reasonBajaj-Auto Analysis and Buying reason. How not buying near support can save money and time.
Bajaj Auto stock analysis by Eillot_HarishRaoAccording my point Bajaj auto complete zig zag correction and retractment 0.618 % the impluse wave . this reversal trend bajaj auto target upside 3540 to 3844
Buy on Bajaj AutoNSE:BAJAJ_AUTO
The Stock has already corrected 38.2% from the top and displaying strong support around 3150. The next support zone can be 2850 below which it is weak. Idea: Buy only 40% of your target volume and add more on dips till 2850.
BUY BAJAJ AUTO FOR MEDIUM TERM FOR GOOD RETURNSBAJAJ AUTO IS GOOD COMPANY
It show underperformance from long period of time and i think now it can show strength
bajaj auto expected behaviourthis chart is for educational purpose only.
technical analysis as on 08/12/2021 close of business
name value
rsi(14) 63.411
stoch(9,6) 69.307
stochrsi(14) 100.0
macd(12,26) 9.910
adx(14) 33.485
williams %r -5.138
cci(14) 181.4269
atr(14) 18.1821
highs/lows(14) 19.0358
ultimate oscillator 57.350
roc 1.866
bull/bear power(13) 49.4801
Sell below 3148 SL 3173 TGT 3116Suggestions are based on my analysis only. Please do your analysis before taking any trade.
🏍 Bajaj Auto Swing Trade Opportunity 🛺NSE:BAJAJ_AUTO
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 As One can see, This pattern is extended pattern, that's why stop loss quite big. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should take Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 3180
PRZ 2 :- 3165.5
SL :- 3051.85 (Closing Basis)
Target 1:- 3226
Target 2:- 3278
Target 3:- 3349 and more Trailing basis
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Ask doubts in comments below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Bajaj auto good long candidateBAJAJ AUTO weekly time frame multiple harmonic pattern formation
good long candidate
