#BAJAJ-AUTO CASH : LOOKS GOOD ABOVE 3000.10#BAJAJ-AUTO CASH
04.08.2020
LOOKS GOOD ABOVE 3000.10
STOPLOSS 2970
TGT 3036-3040/3070
CMP 2969
BAJAJ_AUTO trade ideas
BAJAJ AUTO - Short SideBroke channel
Market sentiment and sector sentiments negative
Short with SL today's OPEN PRICE
BAJAJ AUTO SUPPORT LEVEL 2910 DOUBLE BOTTOM CONFROMATION BUYING 2910 TO 2930
STOPLOSS 2900
TARGET 3150
SHORT SELL IF IT BREAKS 2900
TARGET 2820
BAJAJ AUTO AT MAKE OR BREAK LEVELBAJAJAUTO is at multiple confluence of horizontal and trendline support around 3000.ANY break below 3000 will open doors of 2900-2850-2700
any reversal from trendline support will open doors of 3100-3150-3200-3300
PLAN YOUR TRADE WISELY.
KEEP RISK MANAGEMENT IN PRIORITY.
Bajaj Auto Ltd. - WEEKLY CHART!!Bajaj Auto Ltd. closes near upper bollinger band.
Technical indicators are bullish.
If price trades above weekly high 3149 near by resistance is 3315 and if price closes below 2847 near by support is mid bollinger band 2623 on weekly chart.
Bajaj-auto sell at upper levelsSell > 3187 upto 3210
easy target 3065
positional target - 2985
Sell as near as possible to 3188
Disclaimer : This is my personal analysis for study purpose not intended for trading
Bajaj Auto - Flag Pennant Breakout Bajaj Auto:
Looks Flag Pennant Breakout
Long above 3140 with a SL of 3105
Bajaj Auto - Consolidate 2 steps, Climb 1 step.The stock has a medium trend.
Red rectangles are just high tension zones (S+R).
Short sell ( Forecast ) Trade Set Up Long way to Go down ,
This scrip is Going down for long time & Price basis ,
One can take trade in 3 Months Futures after consulting your Financial adviser ,
This move will take time to mature
This forecast is my Personal Opinion ,
Good luck
Bajaj Auto Trade Setup !TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
BAJAJ-AUTO - LONG SETUPWe can see there is a clear range breakout and the price is near whole number ( Psychological Level) ~ 3000. If Market sentiment is positive, this might be a good buying opportunity for intraday.
BAJAJ_AUTO breakout.. wait for retest for a better entryBAJAJ_AUTO breakout.. wait for retest for a better entry
Triangle pattern formation inside rising wedgeForming a Symmetrical triangle pattern and near to breakout, buy for target 2950 wih stoploss 2875, risk:reward ratio is 1:2
Bajaj Auto Stock clearly is on a up move and with earnings scheduled in about 4 days, it's gaining buying momentum going by the volume candles. Perfect support at MA 21 and almost about to hit a double top at 2979. If it breaks the previous high, it's all the way up to 3200 and 3400.
Supports placed at 2677 and 2844.
