Bajaj auto can continue its upmove.... Long position can be initiated above 2720 with SL 2689 & Target of 2785/2840
Bajaj Auto broke the up trend journey and has turned bearish. now it seems technically week and struggling to move upward. it formed a bearish flag pattern which also confirmed and approaching to flag pole target which is somewhere between 2417-2420. Trader may go further short in this stock with a target of 2417.00 in near term or may be in a week.
NSE:BAJAJ_AUTO Sell Range - Rs2800 to Rs2850 SL - Rs2740 (Daily Close) Target 1 - Rs2920 Target 2 - Rs3000
bajaja auto created bullish walf wave setup .... so above blues line geet ready for trade and @yellow line enter in trade and blue line is sl and green line trg .....
Bajaj Auto breaking the channel and retesting the resistance repeatedly and struggling to break resistance 2860.00, it is looking weak to go further and may approach to its near term support and 50% retracement to somewhere 2650-2648. risky trader may go short at current level conservative trader should enter above 2870.00.
Long BajajAuto with 6 point sl @ 2523 for tgt 2848 @cmp 2829
The stock is getting support at up sloping trend line. Probably we can use this pull back for entering a long at this level. My idea has following justification 1. closed out of downtrend regression channel 2.Made an engulfing covering the previous candle completely. 3. Trend line support. 4. Mostly at this level of RSI it changes the trend. 5. Trend reversal...
Bajajauto giving breakout for a upmove upto 2840 around. Can be longed @ cmp with sl 2797
DIS STOCK TRADE IN CHANNEL SO KEEP EYES ON DIS STOCK EITHER SIDE WE WILL GET NICE RISK REWARD . REGARDS KING999
Today, it was totally a buyers show. Buyers actively took the prices above the previous resistance level of 2940 and now it shall move further up and reach to 3000-3050 levels before the profit booking takes place. It is a good time to enter with stoploss at 2870.