Bajaj-Auto Bullish base breakout After good downtrend ,Bajaj Auto forming bullish base. You can clearly see rising macd over last six flat consolidation. And breakout in Obv which confirms the bull are active.
BAJAJ_AUTO trade ideas
Bajajauto LongBajajauto Long
Stock prices sustained around 200 day EMA
Rising RSI
Buy at CMP- 3757
SL- 3650
Target- 3860, 3965, 4030
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Bajaj Auto showing a big divergence in RSIOn wedenesday the goverment of india also rs 26,058 crore for PLI(production-linked Incentive) scheme for auto, auto component industry and drone industry to enhance manufacturing in india.
RSI of NSE:BAJAJ_AUTO also showing a positive divergence in its daily chart. You can go for long on the daily chart of the bajaj auto. With the stop loss of 3805 because of its fibonacci retracement levels.
BAJAJ_AUTOForming Triangle
Wait for Breakout
3 Point touch completed 4th point need to break
Momentum need to pick
BAJAJAUTO Ready To MoveBAJAJAUTO including all other auto stocks has fallen severely. All of them has formed a base for more than a month. Range is going to break soon.
Buy- Accumulate near 3700
Sl- 3600
Target-4050 4250
GOOD TIME TO BUY 🚀🚀TARGET 1 - 3900 🚀
TARGET 2 - 4080 🚀
TARGET 3- 4215 🚀
Premium Stock for Swing Purpose
Bajaj Auto - Trend Reversal happeningAll the Auto Stocks have been underperforming since past some time. All the Auto are down by around 8 to 10% . Bajaj Auto is in a sideways zone as compared to its peers which are in sideways to bearish territory.
Hence in case of any positive rally Bajaj Auto could possible be the stock to catch up with previous highs faster than others.
The current risk and reward seems good for a long swing.
BAJAJ AUTO trendline breakout with volumeBAJAJ AUTO trendline breakout with volume
for target of 3800+++
Bajaj AutoBajaj Auto for short term. Views are for educational purpose only, please consult your financial advisor before taking any trade.
[Bounce] Bajaj Auto Trend Analysis and Buy Idea
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Bajaj Auto is at good price to buyBajaj auto is at good price to buy. It give more than 20% and it's risk reward ratio is 1:3 it is very good risk reward ratio.
Bajaj auto - buy on dipsBuy from 3758 to 3722
easy target - 3850
Disclaimer : This is my personal analysis for study purpose not intended for trading
BAJAJ-AUTO - Getting ready for a trend reversalBajaj Auto taking support from a major trendline and 200EMA (Daily) + 50 EMA (Weekly). Rising ADX shows trend is strengthening. Entry could be tomorrows closing or the golden crossover if u want to be safe.
BAJAJ AUTO - Trendline ObservationsTrendline Observation(s). BAJAJ AUTO looks good to BUY at CMP/3860-65 -> 3930, 3985, 4025-30. Support - 3810, 3780. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
BAJAJ AUTONSE:BAJAJ_AUTO
1- Stock underperforming both the indices
2- Wait till 3520 for new long opportunity
3- Ease of movement is on the downside
profit tradebajaj auto is making a bounce back from 200ema
buy at nearby @3755
stop loss at @ 3710
target at @3890
IT COULD BE SWING TRADE OR INTRA DAY TRADE TOO
Bajaj Auto : Ready to show the flame.It looks like NSE:CNXAUTO has bottom out and ready to invite the bulls in the auto sector stocks.
Bajaj Auto seems taking its 3rd time support over the Trendline T1 and now bulls may drag down the bear from the stage.
One may create a long position with a stop loss below 3695.
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Bajaj- auto - Swing tradeBajaj auto looks very good for a swing trade entry at CMP. Taking support over TL. 1:2+ RR setup. Plan your risk before taking any trade.
Bajaj Auto buy above 3861Conditions:
Triangle pattern breakout
Market sentiment must be positive for high probability
Always use your stop plus according to your money management
OPTION CALL will be give during Market hour if and only if I am 99% percent confirm else not given
