BAJAJ_AUTO trade ideas
bajaj auto expected behaviourthis chart is for educational purpose only.
technical analysis as on 08/12/2021 close of business
name value
rsi(14) 63.411
stoch(9,6) 69.307
stochrsi(14) 100.0
macd(12,26) 9.910
adx(14) 33.485
williams %r -5.138
cci(14) 181.4269
atr(14) 18.1821
highs/lows(14) 19.0358
ultimate oscillator 57.350
roc 1.866
bull/bear power(13) 49.4801
Sell below 3148 SL 3173 TGT 3116Suggestions are based on my analysis only. Please do your analysis before taking any trade.
🏍 Bajaj Auto Swing Trade Opportunity 🛺NSE:BAJAJ_AUTO
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 As One can see, This pattern is extended pattern, that's why stop loss quite big. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should take Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 3180
PRZ 2 :- 3165.5
SL :- 3051.85 (Closing Basis)
Target 1:- 3226
Target 2:- 3278
Target 3:- 3349 and more Trailing basis
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Ask doubts in comments below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Bajaj auto good long candidateBAJAJ AUTO weekly time frame multiple harmonic pattern formation
good long candidate
Bajaj Auto : Flag Pole Breakdown possibilityBajaj Auto :
Flag Pole Breakdown possibility
Short below 3215 with SL 3320
BAJAJ AUTO At support level - Best Buying OpportunityBAJAJ_AUTO is taking support on weekly chart by forming bullish candle. If starts trading above 3365, good opportunity for long position. Trader should keep SL 3222 on closing basis. First target might be 3470. So keep eye on Bajaj Auto for low risk high reward trade.
Where will Bajaj Auto head to ?Where will Bajaj Auto head to ?
Reasons/Traits :
• Bullish Bat Harmonic Pattern formation is seen (Uptrend)
• Bear flag pattern is seen (Downtrend)
• Todays close is exactly at 200 EMA and taking 3rd time support on the Bear flag pattern channel (Support)
• Last 3 candle sticks form three black crows candle stick pattern (Downtrend)
• Recent swing retracement took support at 0.382 Fib levels (Downtrend)
What can happen next :
Scenario 1 : Stock can give a breakdown of the flag pattern to reach 3650/3450/3170
Scenario 2 : Stock can move up taking support at 200 EMA or at 3650 level to reach 3800/4030/4260/4350
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Bajaj-Auto. Trend line breakout counter.Bajaj-Auto post fall witnessed a trendline breakout. Post breakout retesting of same level and again giving volume based breakout. Can add for 3400 - 3500 level with cbsl of 3200.
Bajaj Auto important levels for long term investmentBajaj Auto important levels for long term investment
Level 3 = 3338
Level 2 = 2485
Level 1 = 1905
Bajaj Auto Swing Trade Bajaj Auto has broke a trend line. It can now go bullish, enter once it breaks 200 EMA on 15 min time frame. Place logical Stop-loss . The probability could less because the market is too much volatile now a days.
Bajaj AutoBajaj auto sits on a strong support zone after clear retracement . If this support holds a long run to upside could be possible. one can watch the coming week to see the performance
What happene before break of any levelIf the price test and level many times it is more probability that it will break
You can also see for build up or tight consolidation range before any BREAKOUT
Price move from low volatile to high
Whenever price break with strong candle it is more probality that price will retest the key level
Keep learning and earning
Bajaj Auto Seems more Bearish Again nowDear All,
If you have a look on chart where Share Price had break it's major support at 3473 and closed at 3444. Now as per my analysis, this share will decline more towards 3300 level now where as it has a support at 3368 level but most likely it will break that level as well and reason are as below:-
Reason for such prediction -
#1 ) On RSI, it forms a Lower Highs and Lower Lows pattern which shows that next support for RSI is on 16% now, where as currently it is trading at 25%. If RSI needs to test it's support level at 16% then share price will have to decline up to 3300 levels.
#2 ) Exclusion of Bajaj Auto from BSE Sensex, where Wipro will replace it.
#3 ) Dip in Export Vehicle sales due to chip shortage problem.
Note - This Post is just for education purpose only, please do your analysis before taking any trade on my idea's.
Bajaj AutoSimple Analysis..............................................................................................................................
Bajaj Auto: Bearish potential weekly double top & -ve newsChart wise double top break down potential exit on weekly charts and any 3447 previous swing low broken
Could see more downfall. The momentum on short term and medium term has entered bear zones .Trend
Indicators also bearish on all timeframes. Bollinger band spill out happened on weekly charts as well indicator
bearishness ahead. Entry could be on daily on breach of the previous swing low support break.
Bajaj Auto Bullish Butterfly PatternBajaj Auto Bullish Butterfly Pattern
Bajaj Auto Bullish Butterfly Pattern
BAJAJ AUTO 1D TFBAJAJ AUTO reversed from the low level following the trendline perfectly. Good time to go long.
CMP :- 3822.2
SL :- 2670
TARGET :- 4300+
