BAJAJ_AUTO trade ideas
Bajaj Auto RectangleBajaj Auto moving in Rectangle pattern... Buy Trigger above 3120 for room open upto 3300 by keeping stop loss below 3000
Bajaj Auto looks to break above furtherLooks to take out 3 year old TL at 3250 for a new ATH sooner
For educational purpose only
Breakout Warning for BAJAJ AUTOChannel broken for BAJAJ AUTO// NSE:BAJAJ_AUTO
Positive upwards trend since a long time!
If upward trend continues above 3300:
BUY: 3300
Target Price: 3400
Stop Loss: 3147
[BAJAJ_AUTO] Last chance to buy ?As per charts. Important point is Price closed above resistance level and hold it there and also Spike in VOLUME Too.
Bajaj Auto - watchoutNSE:BAJAJ_AUTO strong consolidation. Watchout for breakout. Indications of it happening soon. Reason will update later.
Breakout at Resistance LevelNSE:BAJAJ_AUTO has given breakout to resistance level which will now act as a support. If sustain above this new support level then likely to move upside.
Bajaj Auto- Long Term Breakout(Investment Option)Bajaj Auto is one of the renowned names in 2 wheelers segment.
If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times.
Even in Monthly chart signs of consolidation and breaking out is visible.
Monthly Chart:-
Rectangle marked near resistance is showing that stock is now sticking to higher levels.
look at daily chart as well.
Anything unusual?
I will say yes because price is now not even able to come down 200 ema and sticking at higher levels.
Finally the Target part. Target of the consolidation breakout is usually the difference of the consolidation.
Don't forget to check the volumes which is being generated even at higher levels. What was the last time when we saw these kind of unusual volumes? (I have marked already).
Keep an folks. Happy Trading and Cheers.
#BAJAJ_AUTO CASH : LOOKS GOOD ABOVE 3160.10#BAJAJ-AUTO CASH -Positional call
26.11.2020
LOOKS GOOD ABOVE 3160.10
STOPLOSS 3120
TGT 3240/3300
CMP 3130
BAJAJ-AUTO, TREND LINE + DARVAS BOX BREAKOUT (CHART# 375)All levels & analysis 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. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
BAJAJ AUTO : Positional Buy Trade SetupNSE:BAJAJ_AUTO
Hi Traders,
BAJAJ_AUTO trade setup and entry and target level on chart.
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* This analysis is educational/learning purpose only.
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