BAJAJ_AUTO trade ideas
[ 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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Bajaj AutoSafe Bet, with good fundamental stock, This is support level where we can Buy up to 3650 for the target of 4000 level and 4300 level time frame 1 yr.
tgt 4250+ ,sl-3750, risk 2.5% reward 10% 1:4 read description or can use super trend as stop loss
or 200 dma
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Sell below 3688 SL 3750 TGT 3639Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Bajaj-Auto LongBajaj-Auto : Positional Trade
Date : 01-10-2021
Entry : 3820 - 3880
Stop Loss: 3700
Target : 4600
Risk Reward Ratio: 1:5
Buy BajajautoBuy Above BajajAuto
3770
Target 3950/4250
Stoploss 3670
Market now cmp 3751 wait for level
Educational Purpose Only
NSE:BAJAJ_AUTONSE:BAJAJ_AUTO
#BAJAJ_AUTO Trading @ Support zone and facing rejection from the level, Sustainability have high chances to bounce.
Post confirmation, may try 3780 CE.
Happy Trading !!
BAJAJ AUTO LongNSE:BAJAJ_AUTO
at support and in up trend
results are good
note: im not sebi registered guy
tricky situation in bajaj autoups:-
1.electric vehicle sector
2. positive outlook post diwali
downs:
1. nifty and world markets in profit booking phase.
2. price currently being repetedly rejected at the resistance levels of rs 3855/57
3. price between (20,50,100) and (200) sma
4. stock overvalued.
outlook:
from the chart it is evident that incase closing tomorrow is above 3855, stock will rise. however, any slackness observed will bring it down to 3650 levels in short term.
Trade?
i am negatively biased on the counter. would
a. sell nov future at 3880 with stop loss at 4000
b sell oct 4000ce @ 33
c. buy nov 2x4000 ce @ 116
Go long Bajaj Auto, the flagship company of Bajaj Group, is a two-wheeler and three-wheeler manufacturing company that exports to 70+ countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India.
It has acquired 48% of the KTM Brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM.
BAJAJ AUTO... HAPPY DIWALI :) While most auto stocks are rallying, Bajaj auto is still near support levels and is yet to start its run.
The script is forming an ascending triangle pattern and looks good for the trade over the next few months.
A spike in the sale of two-wheelers around DIWALI can boost the numbers for Bajaj which will ignite the rocket for the rally.
Good to enter at the current price for decent returns in the next two months.
Happy Diwali folks :)
Simple Trade Setup | BAJAJ AUTO | 25-10-2021 [ INTRADAY]NSE:BAJAJ_AUTO
Observations:
1) On daily time, it took support from 50DMA and and closed below 200DMA. Good thing is that today it went up above 200DMA.
And now stucked with green candle between 50DMA and 200DMA.
Breakout of 200DMA will give it good up move. 200DMA is placed at 3882.65.
50DMA will work as immediate support.
Also volume has been increasing in last 4 days.
Please refer below chart : 1day Time Frame.
2) On daily time frame, we can see the immediate critical resistance zone is from 3873-3885.
Please refer below chart : 1day Time Frame.
3) On 1hr time frame now the resistance line worked as support trendline. It took support from it today.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 25-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Bajaj Auto- RSI divergenceComing week nifty can see some pullback, so one can get a chance to buy at lower level.
Target -3950, 4000, 4050
Keep strict SL @ 3650 on closing basis.
*Only for educational purpose.
rounding patternAs uh are watching price action is ready to breakout either breakdown.
i m on bullish on this stock .
BAJAJ AUTOThis stock has recently done breakout in daily time frame with good intensity of volume, and it looks like new impulse as a wave 3 has been started, as wave 3 unfolds we can see this stock at 4000 - 4200 levels, on down side 3830 is a crucial support which is 20 sma mid bollinger band and coincide 40 day ema, both are around same levels to watch out for.
breakout with good intensity of volume
current wave structure could be like this
macd in weekly uptick above zero line
macd in daily positive and uptick and also above zero line
rsi in daily above 60
dmi adx positive ungali setup in weekly
dmi adx positive ungali setup in daily
Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
bajajfinance- a diwali gift to your loved onesit is going good in harmonic pattern and respecting the trend. I am seeing approx 1000 point upside in this stock, will update stoploss later
good luck and stay invested
BAJAJ AUTO possible bullish move in weekly chartsBAJAJ AUTO: A breakout above 4048 with good volume breakout then we can chase for 4200 as initial Target.
A further breakout above 4212 can push it till 4400. Need assurance with volume breakout before making an entry.
Stop Loss once breakout happens can be kept at 3940 below and further on next candle's low for safe trading.
BuyBuy around 3940-3920 stop 3855 target 4170 -4183 by 5 th Nov.
Disc : it's not an investment advice to buy or sell
HAMARA BAJAJ LOOKING GOOD TO BUY Bajaj Auto looks good to buy around 3850-3800 Range and can more if you get near the green trendline.
Hold Bajaj Auto for upper targets marked on the chart until we lower green trendline is intact on a daily closing basis.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
