BAJAJ_AUTO trade ideas
Short Opportunity in Bajaj AutoIn 4Hr time frame BajajAuto showing Doji pattern with a long wick and increased volume. It could be the retest for the stock till the level of 3972 which also coincides with fib level of .618 at 3998. A candle close below the doji candle's low and other confirmation on lower time frames could give a good shorting opportunity. But if the candle closes above the previous high with volume and we can see strong momentum upside.
BAJAJ-AUTO Shooting StarBajaj-Auto made Shooting Star & Double Top on daily timeframe.
As previous shooting star, it falls down.
If Bajaj-Auto falls below 4200, then it can give target upto 4000 with SL of Shooting Star's High.
Educational Purpose Only.
Bajaj Auto , Shooting star formation on a crucial resistanceLast time after shooting star formation stock corrected ,now at this point of time also the shooting star formed on the same level ... Low probable setup but high reward can be expected
bullish view on bajaj auto HIGHER HIGH HIGHER LOW MEANS UPTREND CONFIRMED AND ALSO BREAKOUT CONFIRMED WITH VOLUME AND SUSTAINING THAT LEVEL
BUY WHEN BREACH 4248
STOP LOSS 4216
TARGET 4310
[ INTRADAY ] BAJAJ-AUTO Long Trader : R ratio is 1 : 2
Rest as per Charts
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
=======
Bajaj Auto showing good breakoutWith an upside of 196 points Bajaj Auto has given a good breakout on daily chart.
Trade with caution.
Bullish Indications in Bajaj AutoIn the daily chart, a mini breakout has happened within an arc which can touch the upcoming Resistance of 4200.
Strict SL with a Proper Risk Reward Ratio will be ideal for this trade.
BAJAJ HAS A GOOD SETUPIt takes support from v wap in 15 min time frame is takes support from important ema good buy opportunity
GOOD SETUP
JUST FOR EDUCATIONAL PUPOSE
Bajaj Auto Short Trade MondayHello everyone, if you like the idea, do not forget to support with a like and follow. Feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
It is just a view, trade at your own risk
Two bullish chart pattern breakouts can be noticed on the chartWe have following two bullish pattern breakouts occurring on the chart.
1. Flag pattern breakout
2. Rectangle pattern breakout
Good time to go long.Stock price is in a downtrend while the A/D line is in an uptrend, the indicator shows there may be buying pressure and the stock's price may reverse to the upside.
Above 200 EMA.
Flag Pattern with falling wedge, good move to go long and hit short term targets.
Disclaimer: Only for educational purposes.
A long positional trade can be seen after this breakout 1.A long positional trade can be seen after this breakout
2.Both Daily and Weekly seems bullish
Bajaj Auto - Support at 38% fib ratioBajaj Auto - Double bottom, support at 38% fib ratio and now near demand zone. May consolidate before breaking out or can break and will come to retest the zone.
