Bajaj auto has formed a cup and handle pattern and with the recent rise in the auto sector, this stock can continue to move in an uptrend!
Enter after a retest
1. Its good time to enter into trade, just assuming a forming of rounding bottom in future and one can put stop loss below the bottom for the target of upper neckline.
2. Entire chart history has been mentioned on the chart so you can analyze by yourself and update your view into comment section for my knowledge.
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Hello friends , Today i have the
Technical Chart Of Bajaj Auto . Friends as you can see here that it is making a breakout which means it can go up and Because it is a very Nice breakout so for its Breakout is on upper side and so for it is going up and broke Its Upper line . Its Target You can take is at 4000 Rs and Its Other Target . Its Stop Loss is On 3600 Rs...
BAJAJ AUTO auto gave a break of its previous higher high so can expect next target 4000
if BAJAJ AUTO close above 4020 next target will be 4200
support like and follow
Buy bajaj auto above 3924 for the target of 4000 and 4121. After a very long consolidation, The Auto stock is showing bullishness so keep good Auto stock on your watch list.
Disclaimer This is only for educational purposes, Please do your own analysis before investing hard-earned money.
Bajaj Auto has already given the breakout, 3900 level was the strong resistance,
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And Bajaj Auto share already broke the level on today.
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So for tomorrow we can expect the good move and it wil more strong, once it goes above 4000,
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Short term targets is 4200.
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What's your view on this comment below in the box.
#StockToWatch - BAJAJ Auto
Though this scrip broke down the trendline it's still looking bullish to me. There may be a huge upside move in this scrip if it breaks out the C&H pattern.
Recent good news spreading about auto sector may also take its price up.
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish breakout with volume. Relative strength of the stocks seems to be crossing above which indicates strength. Moreover, RSI above 60 indicates bullish momentum.
SL: 3800.
![BAJAJ_AUTO: [POSITIONAL] BAJAJ_AUTO LONG BET](https://s3.tradingview.com/g/GYipk80V_mid.png "[POSITIONAL] BAJAJ_AUTO LONG BET")
