BAJAJ-AUTO NEGATIVE DIVERGENCENEGATIVE DIVERGENCE SHOWN IN BAJAJ-AUTO IN 15MIN TIMEFRAME. IT CAN RETEST THE TREND LINE THEN CAN GIVE THE EXPECTED TARGET. MORE INFO SHOWN IN CHART
BAJAJ_AUTO trade ideas
#BajajAuto#Breakout#MomentumAt current level price is gripping it's momentum, wait for break out for level 3505 of supply zone and also at this level have a 90degree GAAN LEVEL resistance,
so this level is big hurdle for BAJAJ AUTO for breakout.
Watch this level with SL 3417 on CLS basis, 1st target is 3617and 2nd target is 3816.
#BAJAJ_AUTOHow the presence of a BlueDot on the Daily chart
exploded from 3505 to 4236 in less than 2 weeks
SL 3395 Never gets Hit
AUTO is not stable NO NEW POSITIONS TO BE MADE BAJAJ AUTO HAVE DONE REALLY WELL IN PAST FEW DAYS ....STOCK NEEDS A LITTLE REST...WILL EITHER RANGE-BOUND OR FALL
Bajaj Auto - SwingBajaj auto has been running even in Bear market. If closes above Trendline on Daily time frame can be considered for swing. Safe above 4250.
However if closes below 4000 then will achieve 3800-3750 in no time
Short BajajAutoSell if sustains below 3625 for the targets of 3560 and 3510 until 3685 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
View on Nifty and Banknifty and 2 stock Infy TTech mahindra bajaj finance bajaj finserve bajajauto asian paint .
Disclaimer: I am not a SEBI registered advisor so trade on your risk
but i have a good experience in the stock market for the last 17 year so i am just sharing my experience with you all
investment in the stock market is subject to market risk
BAJAJ AUTO - Cup & Handle - 1D TFCup & Handle pattern formation on Daily Chart of BAJAJ AUTO. BUY 2806, SL 2448, Target - 3500. Target is little bit steep in this stock. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Option writingWriting put of 3400 and cover risk by buying put of 3200 SP. Likely to move towards 3850 if holds 3420 on daily closing basis. 3550 is support.
Disc : it's not an investment advise to buy or sell
BAJAJ_AUTO buy at 3468 , has broken resistance after 2 yearsI will look at buying BAJAJ AUTO because :
It has broken its resistance 3468 after 2 years .
It can show a upward movement .
Entry : 3468
Target : 3802/4060
Stop loss : 3177
Positional View for BAJAJ_AUTO for JAN 11 2021Guys i am posting daily views for all Nifty50 stock in a similar manner . See the related idea for the link
BAJAJ_AUTO
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Current Position is Buy, bought on 08-JAN-2021 at 3469.00
Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJ-AUTO closes below 3504.07
Performance since 28 OCT 2020
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Rs 922.05 Profit per share with 13 Winning Trades and 1 loss Trades. 92.86% Success Trades
Last 5 trade performance
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Action/From date/to Date/Profit(loss) Rs per share
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Sell 17-DEC-2020 to 18-DEC-2020 13.24
Buy 18-DEC-2020 to 21-DEC-2020 45.82
Sell 21-DEC-2020 to 22-DEC-2020 61.75
Buy 22-DEC-2020 to 05-JAN-2021 235.47
Sell 05-JAN-2021 to 08-JAN-2021 31.25
BAJAJ AUTO -Parallel channel resistance R3 breakout at weekly TFBAJAJ AUTO -Parallel channel resistance R3 breakout at weekly time frame - Long
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Bajaj Auto 5/1/21 Breakup5/1/21 Breakup Get Entry Point 3533 to 3535, Target 3585 to 3586, Stop Loss 3522 to 3520
Parallel Channel Breakout in BAJAJ AUTO For 3485+ TargetBajaj auto showing parallels channel breakout at 3160 and after breakout its retraced and continue its bullish rally towards the 3485+ target.
Possible Trade:
Buy BAJAJAUTO Above 3242
Stop-loss - 3160
Target 3485+
bajaj auto SHORT SELL opportunity for intaday if it supposed to be break the support area at 3469.55 short below that candle
BEST opportunity
#SHORT SELLING
ENTRY - low of support breaking candle
TARGET 1 - 3435.30 , TARGET 2 - 3407.20
STOP LOSS - high of the support breaking candle
"happy trading"
