I think price trading at the wave 5 as per Elliot wave theory.
Better to follow all the risk management rules and trade smart.
This is not an intraday set up.
#BAJAJ_AUTO trading above Resistance of 4506
Next Resistance is at 6186
Support is at 3465
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
* Effort to move up failed. Possible Buying Climax (VSA)
* Far Away from 20 ema and it will attempt to come down
* RR ratio looks good.
Note: My personal analysis for learning purpose.
Bajaj Auto is showing ATH breakout on monthly chart with good amount of volume. Marubozu candle on ATH show's great strength of the stock. The probability of success is approx 80-90% according to the previous data. Please do not forget the Disclaimer and Disclosure.
CMP : 4431
TG : 5600
SL : candle's low
R/R : 3 times (Risk to Reward)
Stock's selection based...
If trigger line crosses over 54.85, it may reach to 65.87, 40 to 60 Rs in cash.
If trigger line crosses below 48.73, it may reach to 37.41, 30 to 35 Rs in cash.
Sharing my observations on the stock
1. Has been bullish for long
2. formed a slanted HNS, what does it say? reversal of the trend maybe
3. the higher high is no more forming and rather we see a lower high, is the bulls in trouble now?
4. the higher lows still continuing so could not say a real bearish trend or reversal.
5. ready to initiate a short one...
👑Royal Trade👑
BAJAJ AUTO
We buy Call and my Target is 5100
Dont buy any trade without stop loss
Should I buy Bajaj Auto share?
Bajaj Auto has TTM P/E ratio 20.35 as compared to the sector P/E of 17.54. There are 43 analysts who have initiated coverage on Bajaj Auto. There are 9 analysts who have given it a strong buy rating & 12 analysts have given it a buy...
BajajAuto a very simple setup giving multiple inside candle breakout on daily tf with a pop out above the open high candle of 27th Feb. Volumes are also on higher side and has closed above all important EMA's by crossing them over in a single day, Looks like it can test recent swing highs very easily if momentum sustains. Keep this setup in radar
Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:BAJAJ_AUTO I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 5180-5250 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may...
Overview
BAJAJ Auto has given a beautiful breakout of its all-time high with impressive trading volume.
Currently trading at an all-time high, this presents an exciting trading opportunity.
Today's candle is notably bullish, signaling strong potential for gains.
Why It Matters
Breakout : When a stock breaks through a key resistance level (like an...
