BAJAJ_AUTO trade ideas
#bajajauto- potential to move northThe scrip seems bullish for the mentioned two targets above.
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SellSell below 3740 with sl abv 3850 for target of 3600 and 3510.
If the whole buying candle has retraced and on verge breaking the low of large bullish candle then liquidation may happen from people who have bought seeing the large bullis candle. At the same time price will be below 3 months EMA if breaks 3740. 20 EMA is already sloping down. Volume in correction is not that great but the slow poison will be realised only on break of low of big candle.
Disc : it's not an investment advice to buy or sell
Trading parallel channel breakouts.NSE:BAJAJ_AUTO
Simple guide on how to trade breakouts from ( parallel channel ) trading range.
This example illustrates how the parallel channel breakout ideally works out. Please try and spot stocks and index that are currently either trading in a range or about to breakout for trading opportunities, Keep plotting, keep learning and trade with confidence.
Feel free to message me regarding any doubt you might have.
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BAJAJ AUTO 30 MIN CHARTTriangle Broken in 30 min time frame
levels are mentioned
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
bajaj auto good trade for intradaybuy at 3828-trgt-3840-3855 if volume appears and market is in bullish mode and if some sign of recovery.
other wise avoid bcz market is in very bearish mode.
note-trade at own risk.
BAjaj auto Good short candidateBajaj auto spot cmp 4230
Counter is giving sign of distribution in range of 4215 to 4265
Short sell can be done in this range with stoploss of 4270 on hourly closing basis.
Down side counter can fall to levels of 4000-3800-3650,,
Breakdown below 4215 on closing basis is mandatory...
Good short candidate..
SellSell below 3880 with sl abv 3980 for target of 3680-3650
Disc : it's not an investment advice to buy or sell
Bajaj Auto Fibo+ Falling wedge+ Demand zone+ Multi time frameIn 15 mins stock is nearby its lower trendline, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also standing on Demand zone .
In 2Hrs timeframe it has completed 61.80% retracement and also nearby 100 ema .
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Bajaj -Auto Potential Short trade with 10-18 percent returnBajaj Auto has been in a consistent up move. However the recent price action suggest possible short term exhaustion in the up move. While the long term up trend remain strong, there can be opportunities in the short side as well. Chart suggests the formation of a staggered shooting star formation. The classical shooting star is a three candle stick pattern, but the staggered shooting star pattern could be observed when one finds multiple candles together forming the bullish setup and multiple candles forming the reversal candle and multiple candles confirming the reversal set up.
Refer chart for trade entry conditions and parameters.
Caution
The information provided is for educational purposes and the author does not assume any responsibility on trades taken based on the comment.
ShortMinor upmove can't be ruled out for 4036-4045 if it crosses 4011. But that rise will be an opportunity to short for 3955
Disc : it's not an investment advice to buy or sell
BearishAs told counter is going down. 3950-3955 is likely to be tested in coming session. If price doesn't hold this level on 30 min closign basis then further fall towards 3750 is likely to follow. As of now , I will treat 3950 as support and expect a minor boucne from there. Until it touches 3955, I will keep selling 3150 CE.
Disc : it's not an investment advice to buy or sell
Mixed tradeBuy abv 4132 sl 4099 target 4215.
Sell below 4099 sl 4140 target 3975
Disc : it's not an investment advice to buy or sell
BajegaNegative divergence + RSI failure + long upper wick + no volume range expansion on lower side (means sellers can easily push price lower without any resistance from the buyer).
It can retest 3950 -3800 if holds 4275 on daily closing basis.
Disc : it's not an investment advice to buy or sell
