Going with the trend in Bajaj-Auto, Two buying opportunities shown on chart
Bajaj Auto break the channel.. Short opportunity Target 2785,2760 Stoploss :2842
short bajaj auto between 2940-2970 sl 3000 trg 2900 2860 2810 .....before trade do own analisis this is study perpose only.....
HARMONIC BAT : It is considered to be one of the more accurate patterns exhibiting a higher success rate than any other harmonic patterns.The Harmonic Bat pattern has the following characteristics which can be used to identify the Bat pattern. • B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or 38.2% retracement. • "BC" leg...
Hi Guys, My Target -2912/2945 , Sl -2735. Your advice or suggestions will be much appreciated and welcomed.
Bajaj Auto to touch 2900 in the coming days - Dissimilarity Method - 1 hour
Today Auto Index went up by 3.6% and all auto stocks were up by 3-5% but surprisingly Bajaj Auto went up by only 0.73%. All two wheeler stocks like Hero, Eicher, TVS etc closed well in green, Maruti made all time highs. Budget focus on reviving rural demand is quite positive for two wheelers. Let's see if it goes to its previous highs or not. Buy with Stop loss...
* Dow theory - Higher High - Higher Low * Volumes rising with price rise
Bajajauto from cmp 2858 can go to level upside- 2885 sl only 7Rs. ie. 2851
Symmetric Triangle on Bajaj Auto and may break either side. Trade: Make Side: Buy above - 2788 Target - 2904 Stop loss - 2685 Break Side: Short below - 2550 Target - 2396 Stop loss - 2615
Bajaj_auto will give short breakout Below 2712 it can go to level Downside level- 2681 Upside safe level- 2733
It is been observed on Daily and Weekly chart that the price action breaks above the prior downward trend line indicating a further bullish move ahead. Now, it shall further move up to 38.2% and 50% retracement levels. Target: 2800 Stoploss: 2650 Risk Reward: 1:1