BAJAJ_AUTO trade ideas
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
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.
