~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
Already 29% up since the time I originally shared the positional idea.
- It is giving a weekly breakout and is at ATH as well.
- Expect higher prices in the coming weeks.
- Pullbacks should be seen as buying opportunities.
The original idea for reference:
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your...
Key highlights:
1. Bounced off weekly demand zone
2. Took support from 200 MA
3. Formed the Morning star pattern on 200 MA + demand zone
4. Reclaimed the flip level
5. Bounced off from the psychological level of 3000
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy...
Bajaj Auto M pattern is getting formed also divergence in RSI on Daily Time frame. Aggressive traders can take short positions below 4308 with SL of 4351 Target 1= 4209, Target 2=4065 and Target 3= 3995.
For safe traders let the price give close below 4209 and retest the 4209 level. On retest of 4209 level can make an entry with SL of high +10-15 points buffer....
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
BAJAJ-AUTO:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get...
BAJAJ AUTO Looking good for downside..
When it break level 4260 and sustain.. it will go Downside...
SELL BAJAJAUTO @ 4260
Target
1st 4240
2nd 4220
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
BAJAJ AUO LTD in an upward channel previous swing breakout and weekly highly bullish mode. If it opens above 4288 and sustains above 4355 in the day it will reach 4804 in the weekly target
Bajaj auto is looking strong in auto space. Price is above 50 EMA and upper bollinger band challenged with high volume.
Monthly macd uptick.
Weekly macd PCO stat and above zero line
Daily macd PCO stat and above zero line
Weekly RSI is above 60
Daily RSI is above 60
Weekly ADX is strong
Daily ADX is at good level
Chart Patterns insist me the above titled opinion.
Reasons:
1. Inverted Heads & Shoulders pattern in both Weekly and Daily time frame .
2. Major Trendline(Purple) supporting from March 2020 till now .(taking support now)
3. Triangular pattern waiting for a breakout.(probability more)
Targets and SL levels(less risk) mentioned @ Chart.
Better to go with...
Bearishness appears overpowering the stock fueled by weak sales data for entire Q4, when compared to YTD.
6th April's candle indicating bears in power with long wick, which is also coinciding with Harmonic Potential Reversal Zone with some buffer points.
With Above the High of 6th April as SL, downside moves may be witnessed on chart in coming sessions.
Let's see.
