BAJAJ AUTO - DAILY CHARTSPositional trade, Classical chart pattern of cup and handle, Entry should be at 4200 or below.
BAJAJ_AUTO trade ideas
Cup and handle about to be formed in Bajaj Auto, T1 4274,T2 4352Bajaj Auto looks bullish and on the verge of cup and handle formation, eventually might give a BO. I am not a sebi registered trader/broker, above views are purely mine and can be used for educational purposes!
Bajaj-Auto: Cup and Handle Pattern#Cup and Handle Pattern,
Bajaj-Auto seems to be bullish for the long term targets of upto 5200 which is equivalent to then height of cup.
Stoploss can be placed below Neckline which can be near 4240.
Thanks and Regards
MrAkshatP
CUP AND HANDLE PATTERN FORMATION IF WE TALK ABOUT ITS CORRECTION AND COMEBACK
IT PLAY 120 DAYS
AND FORM A PERFECT U SHAPED STRUCTURE
AND NOW IT IS CONSOLIDATING AT HANDLE LEVEL
IF IT BROKE LEVEL OF 4300
IT CAN MOVE FOR NEXT 20% UPMOVE IF HOLD TILL DECEMBER(AND MARKET REMAIN STABLE
FOR REFERENCE YOU CAN CHECK
WHAT IS CUP AND HANDLE PATTERN
THIS IS JUST MY ANALYSIS
YOU CAN CORRECT ME IF I AM PREDICTING ANYTHING WRONG
Bajaj Auto- Stock is forming a cup and handle pattern and currently stock is forming a pole and flag pattern.
-Stock break and sustain above 4260 Next level to watch 4350//4480/4600/4740/4920 levels .
-Support is near 4030 level on chart.
BAJAJ AUTO LTD . ITS IS CUP WITH HANDLEHi guys its a one of the best pattern in chart .And wait till the break till the supply line then you can buy it.
Bajaj Auto NSE:BAJAJ_AUTO
Going to make good cup and handle pattern on daily basis , RSI is coming closer to 60 and MACD also going to cross to each other. Same kind of blast can be expected like Maruti from 6800 to 7600 .
Fundamentally company is very strong .no doubt in it.
Bajaj Auto - Cup with Handle 1DBajaj Auto forming ~18% deep Cup with Handle on 1D chart. Watch for Break Out and trade with proper Risk Management.
#Bajaj-auto cash : Looks good above 4165.10#Bajaj-auto cash -Positional call
30.06.2021
Looks good above 4165.10
Stoploss 4135
Target 4195-4200
(Risk free above 4200 for 4240)
Cmp 4133.85
cup and handle breakoutBajaj auto in day time frame making a cup and handle pattern but due to low volume handle breakout not worth it.
I am beginner in chart analysis and this is my first chart publish , Its my request to all please give suggestion in the comment box for improvements
and some pointers which i am lacking here.
Thank you .
Its for educational purpose.
BAJAJ AUTOMakes a perfect cub & handle Pattern!
KEEP ON RADAR💫
READY TO BOOM💥💥
BUY above 4350 for Target 4700, 4800++
Drink Tea From This CUP !!!Bajaj Auto , one of the auto giants has been forming cup and handle pattern for past 140+ days, if it gives breakout it can give a good up move after the retest.
Note :- Wait for breakout to happen.
Some quick fundamentals on this stock :-
Return on Capital Employed (%) = 22.96 ( great )
Return on Networth / Equity (%) = 18.7 ( great )
Total Debt/Equity = 0 ( great )
Current Ratio = 2.51 ( great )
*This analysis was done by me only for educational purpose , feel free the share your views/feedback.*
BAJAJ AUTO ....for 15% upmove from where highlights
1.cup and handle formation
2.price at handle breakout
3.volume has dried up
trade setup
1. buy above 4200 and
major breakout bove 4348
2. stop loss weekly close below 3980
3. target 5255+ short term
note : 10 to 15% on this stock in shorter time of 2 months
BAJAJ AUTO LONG.BAJAJ AUTO is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume. Keep watch on it for upward continuation, target would be achieved if it breaks above 4300 on a closing basis. Initiate trade only when price sustains above 4200 for at least 15 minutes.
LONG ABOVE : 4200
STOP LOSS : 4030
TARGET 1 : 4370
TARGET 2 : 4540
BAJAJAUTOStock has given breakout from cup and handle pattern. Buy above 4230 tgt 8 to 10% SL 4000. For Educational purpose only. Kindly contact your financial advisor before entering any trade.
