Bajaj-auto cup n handle patternFormed cup and handle pattern now giving breakout of handle 1st target could be previous resistance line and if break that also then bigger target can be achieved
BAJAJ_AUTO trade ideas
Cup and handle patternA very famous cup and handle pattern is formed in bajaj auto and can be bought now for a target of 4280. CMP-4167.
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Cup & Handle in Bajaj AutoA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
For Educational Purpose only.
BAJAJAUTO resistance may act as support , 1:10 R:R ratioI will buy BAJAJAUTO because :
The price broke the resistance.
It showed a good move upwards after breaking Resistance.
The price is now at support the resistance may act as SUPPORT.
Entry : 3502
Target : 4244
Stop loss : 3372
bajaj auto channel breakout*Bajaj auto has tested its major support
* large number of volumes has been added today
*has a given a channel breakout
*fundamentally good
seems good for buying at current level with favourable risk reward
Bajaj_Auto Short or Long ?
There is no clear direction for Long's until there is breakout above 4362.
If price moves below support 3975 look for shorting opportunity with a target of 3600.
Bajaj Auto RSI below 30Bajaj Auto looks good already moved 4 points from entry can entry if get @ 4186
BAJAJ AUTO GO SHORT BAJAJ AUTO FORMS CYPHER ON 15 MIN CHART
IF IT RETARCE TO 4260 THEN GO SHORT FOR THE TARGET OF 4242 , 4217 & 4171
Bajaj_auto Intraday - 9t June 2021Bajaj auto has a symmetrical triangle in 30 min TF. Coul breakout anyside. keep in radar for an intraday trade.
Double Top formation in W frame of Bajaj AutoA double top formation in weekly chart indicating a change in trend, downward movement here in Bajaj Auto. Short Opportunity.
Disclaimer: This is meant only for education and also to track my own progress in learning TA. I neither recommend nor suggest anyone to take this trade.
Bajaj auto rounding bottom patternBajaj auto is forming rounding bottom on Daily chart, & nearing breakout level buy above breakout
or wait for breakout and buy on retest point
channel structureNail biting probable channel structure formation is possible with support and resistance being the fibonacci levels, what maintainance of these levels much wow
