BAJAJ AUTO Trading Opportunity Nifty is showing a bearish move, as well as Nifty Auto. There a good shorting opportunity is present in Bajaj Auto just below the last down fractal.
BAJAJ_AUTO trade ideas
BAJAJ AUTO LOOKS BEARISHBajaj Auto fake double top formation sell immediately with SL: 3286
TGT1: 3171
TGT2: 3114
BAJAJ-AUTO CASH : GOOD SUPPORT 3225-3230BAJAJ-AUTO CASH
03 DEC 2019
GOOD SUPPORT AT 3225-3230..
IF ABLE TO HOLD LIKELY TO TARGET 3300-3325
CMP 3259.75
Bajaj Auto Trend PlayMonthly is clearly bullish with great momentum candle breaking out of the monthly resistance. A double bottom can also be spotted.
Weekly too gives a positive picture. Price has broken out of the resistances and smashed them. A pullback from this nice uptrend can be seen to test weekly support.
In the Daily, we can spot 4 rejections of weekly support further confirming our bullish bias. Last candle had a long wick, which is great.
In the 75 min, again a Double bottom at Weekly Support can be seen along with multiple rejections of weekly support. Using the 75 min TF for entry, a long entry is trigerred on break of Trendline
BAJAJ-AUTO CASH : LOOKS GOOD ABOVE 3180BAJAJ-AUTO CASH
20 NOV 2019
BUY ONLY ABOVE 3180 &
DIPS 3170-3173
STOPLOSS 3163
TARGET 1 3192-3195
TARGET 2 3212-3215
CMP 3162.50
BAJAJ AUTO Bearish Setup Bajaj Auto Daily chart finds a confluence of 2 different bearish pattern. First is the RSI Divergence with the count of 5. Second is inside bar,So essentially, we are looking at two bearing pattern confluences together which can lead to some profit booking.Trigger of fresh selling will come only below yesterday's low of 3235 .If breaks prior days low we can see 3210-3185 very soon
Expecting Bounce back in BaJaj Auto post resultAfter massive fall . it looks Bajaj Auto will find support near trendline and expecting a bounce back post result
BAJAJAUTO : EO on blue line for BUYA good buy is coming soon, just put EO on the blue line and leave it.
Happy trading..
