BAJAJ_AUTO trade ideas
BAJAJ AUTO At support level - Best Buying OpportunityBAJAJ_AUTO is taking support on weekly chart by forming bullish candle. If starts trading above 3365, good opportunity for long position. Trader should keep SL 3222 on closing basis. First target might be 3470. So keep eye on Bajaj Auto for low risk high reward trade.
Where will Bajaj Auto head to ?Where will Bajaj Auto head to ?
Reasons/Traits :
• Bullish Bat Harmonic Pattern formation is seen (Uptrend)
• Bear flag pattern is seen (Downtrend)
• Todays close is exactly at 200 EMA and taking 3rd time support on the Bear flag pattern channel (Support)
• Last 3 candle sticks form three black crows candle stick pattern (Downtrend)
• Recent swing retracement took support at 0.382 Fib levels (Downtrend)
What can happen next :
Scenario 1 : Stock can give a breakdown of the flag pattern to reach 3650/3450/3170
Scenario 2 : Stock can move up taking support at 200 EMA or at 3650 level to reach 3800/4030/4260/4350
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Bajaj-Auto. Trend line breakout counter.Bajaj-Auto post fall witnessed a trendline breakout. Post breakout retesting of same level and again giving volume based breakout. Can add for 3400 - 3500 level with cbsl of 3200.
Bajaj Auto important levels for long term investmentBajaj Auto important levels for long term investment
Level 3 = 3338
Level 2 = 2485
Level 1 = 1905
Bajaj Auto Swing Trade Bajaj Auto has broke a trend line. It can now go bullish, enter once it breaks 200 EMA on 15 min time frame. Place logical Stop-loss . The probability could less because the market is too much volatile now a days.
Bajaj AutoBajaj auto sits on a strong support zone after clear retracement . If this support holds a long run to upside could be possible. one can watch the coming week to see the performance
What happene before break of any levelIf the price test and level many times it is more probability that it will break
You can also see for build up or tight consolidation range before any BREAKOUT
Price move from low volatile to high
Whenever price break with strong candle it is more probality that price will retest the key level
Keep learning and earning
Bajaj Auto Seems more Bearish Again nowDear All,
If you have a look on chart where Share Price had break it's major support at 3473 and closed at 3444. Now as per my analysis, this share will decline more towards 3300 level now where as it has a support at 3368 level but most likely it will break that level as well and reason are as below:-
Reason for such prediction -
#1 ) On RSI, it forms a Lower Highs and Lower Lows pattern which shows that next support for RSI is on 16% now, where as currently it is trading at 25%. If RSI needs to test it's support level at 16% then share price will have to decline up to 3300 levels.
#2 ) Exclusion of Bajaj Auto from BSE Sensex, where Wipro will replace it.
#3 ) Dip in Export Vehicle sales due to chip shortage problem.
Note - This Post is just for education purpose only, please do your analysis before taking any trade on my idea's.
Bajaj AutoSimple Analysis..............................................................................................................................
Bajaj Auto: Bearish potential weekly double top & -ve newsChart wise double top break down potential exit on weekly charts and any 3447 previous swing low broken
Could see more downfall. The momentum on short term and medium term has entered bear zones .Trend
Indicators also bearish on all timeframes. Bollinger band spill out happened on weekly charts as well indicator
bearishness ahead. Entry could be on daily on breach of the previous swing low support break.
Bajaj Auto Bullish Butterfly PatternBajaj Auto Bullish Butterfly Pattern
Bajaj Auto Bullish Butterfly Pattern
BAJAJ AUTO 1D TFBAJAJ AUTO reversed from the low level following the trendline perfectly. Good time to go long.
CMP :- 3822.2
SL :- 2670
TARGET :- 4300+
Bajaj auto short term for buyTrade based:
Monthly sideways.
Marke near the monthly support. when market break the hr tf trend line and support. based on that enter the trade
Support & Resistance is here to stay as long as market is thereBajaj Auto is in Distribution stage and buying here seems to be right decision. I am not a sebi registered adviser, this is for educational purpose only. its just that i found the chart is worth having a look and the stock is hovering around area for buying..
Bajaj Auto - Looks WeakBajaj Auto : Watch
Broke support
Possibly can touch 3500, if weakness persists may show 3400 also
bajaj auto harmonic setuplong now with very good risk to reward, maintain stop of only 3617 on close basis for target of 3828-3970
you may sell bajaj auto... YOU may sell bajaj auto call options or you may buy NOV 3500 or 3400 put options
[ INTRADAY ] BAJAJ_AUTO SHORT BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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