#BAJAJ_AUTO CASH : LOOKS GOOD ABOVE 3425.10#Bajaj-Auto cash
28.12.2020
Looks good above 3425.10
stoploss 3400
target 3467-70/3520
Cmp 3415
BAJAJ_AUTO trade ideas
BAJAJ-AUTO looking for trend continuationBajaj auto can be a good long above 3420 levels
looking for trend continuation!!
BAJAJ AUTO FORMING CUP AND HANDLE PATTERN + ASCENDING TRIANGLEBAJAJ AUTO forming a cup and handle pattern + ascending triangle careful there is also a RSI divergence.
Trade setup for BajajAuto for 28 Dec 20203360 levels is great pivot price for todays trade setup. If the market opens above this level, wait for the pull back to the mid buy zone 1 for buy confirmation and wait for the upper targets.
If 3360 fails to sustain on opening or forms a confirmed rejection at this level then we can expect the market to touch lower buyzone 2 where buyers are placed.
Breakout Pullback Long tradeFundamental :Stock is in news for its new project plant in Maharashtra
Technical :1)Stock has been rejected from previous level
2) Price has formed pin bar candle
3)Trade is based on breakout pullback.
BAJAJ AUTO TARGET 3560Can take take trade with 3150 as stop loss for a min target of 3560 in 5-9 days.
BAJAJAUTOGave Flag Breakout with good volume.
Can move further up from here.
Use for Education Purpose.
Trade according to your analysis.
Note:- This is my Personal view. Contact your Financial advisor before taking any Investment decision.
BAJAJ AUTO another impulse wave?seems it may break out soon.
probable targets shown in the chart.
don't forget to like my post.
follow me to get updates
BAJAJ ABOVE 3380 CAN BREAKOUTHalf journey from box breakout is complete , now the second leg may begin soon.
BAJAJ_AUTO, FLAG & RESISTANCE ZONE BREAKOUT. HIGH PROBABLE SETUPAll levels mentioned on chart
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. If you check all previous charts, you will understand how beautiful price action trading is and how one can become independent trader by following some simple rules.
Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Learn & Earn
Bajaj AutoBajaj Auto giving a flag breakout...
Staying above the red line can see it moving up nicely...
Keep it on radar
Bajaj Auto breakout on weekly chart..Bajaj Auto breakout on weekly chart.. Good for fresh investments
Swing Trading Watchlist stockPrice has been consolidating for nearly 2 weeks at a price range. RSI is showing weakness in momentum to sustain that price range and is showing divergence. MACD is also showing a bearish crossover. Price action seems to form a FLAG PATTERN. BUT it could also turn into being a ROUNDING TOP Formation. There has been an uptrend, with Higher Highs and Higher Lows, followed by a consolidation/sideways price movement. Keep watching out for a breakout.
If it breaks above, it could signal a bullish move and go long.
If it breaks below with a strong bearish candle, it could proceed towards 3115 and 3080 levels. It may bounce from either of these crucial levels.
!! Keep a watch !!
regressions channel analysis of BAJAJ AUTObajaj auto is clearly following a regression chennel and resisting the yellow trend line
very simple funda is sell below yellow line, And buy above the yellow line if it crosses
