BAJAJ_AUTO trade ideas
Bajaj Auto 5th down wave startBajaj Auto is completing 4th wave consolidation in triangle and should start next leg of fall.
Short between 2900-2930 SL 2960 tgt 2750-2720
Disclaimer: For information purpose only, plotted values may differ in actual movement. Not to be used for FnO trades. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing/trading.
Long Bajaj Auto Buy Cmp 3037
SL 2976
Target 3329
RR 1:4
Reason for choosing the stop loss is that from march lows the start of the trend line its making only higher lows. So can go long when it comes close to trend line with a stop loss of previous low.
Buy Bajaj Auto cmp 3014Buy Bajaj Auto cmp 3014. Exit below Trendline. If stock price closed below trendline Close your trade
Bajaj-auto cahs : Looks good sell below 3065#Bajaj-auto cash
26.08.2020
Sell only below 3065
& AROUND 3080-85
stoploss 3100
Tgt 3032/3002
CMP 3082.50
Bajaj Auto (Almost completing a Trend to Break up or down ?)The stock has been in a uptrend for a while now. It has faced some heavy resistance at 3155 and is hovering in and around that area for more than a week now.
The stock has formed a Similar high while the RSI as marked has formed a lower high indicating a divergence which shows that the price should continue going down to fill in the gap. A breach of either side (The trend line or the resistance at 3155) can give a good momentum move. Long side has to be tracked intensively as there are several point of reversals, short side can still have some room and can be tracked via a trailing SL.
BAJAJ_AUTOBAJAJ_AUTO Good to go long cmp. (cash)
*all my posts are not trading advice. it's more about my tracking my study
BAJAJ AUTO LONG IDEAAscending Triangle Pattern Forming. Place Stop Loss Right Below Supporting Trendline. Exit in case of breakout.
T1-3149 T2- 3290
Bajaj Auto LOng.will see if it able to break Resistance till Friday. keep holding if yes with good volume and book profit if show weakness for more than 2-3 hrs.
BuyWill buy above 3125 (40%) and if comes to 3050 (60%) then will average it. Expect 3420 by 30th Sept. 2 stop loss are there 2970 and 2900. I will hold with stop loss of 2900.
Disc : It's not an advise to buy or sell
Short sell set up One can wait for price tag to 3125 and the reverse on 15 Mints , usually that is our Procedure for New Traders , and stop is as per Displayed in Chart and
Take profit is also displayed in the chart ,
Now this trade is not for every one , its for those who are wealthy and take Positional trade , if you try to do it in day trade you will probably will lose the money or you have to book very few points to get out
Positional traders can hold it and once the price moves down you can trail the stop to cost + Brokerage in order secure your capital
Good luck
Bajaj Auto forming Bullish Gartley patternPRZ levels and stoploss levels and target levels are mentioned in the chart.
Bajaj Auto - Time to Unwind Long PositionBajaj Auto CMP 2990 has been trading in an excellent up trend since Mar 2020. However, recently the stocks has broken the trend line and trading below it. Still not very far from the trend line. The stock might be entering into a consolidation phase. Volumes are quite low which indicates that so far breakdown has not happened.
[ Positional ] BAJAJ_AUTO LONG SETUPAvoiding short because of Immediate Trendline Support
r : R ratio is 1 : 2
Rest as per Charts
