Good chart structure Once it crosses 4350 levels will enter blue sky zone. I AM JUST REPRESENTING VIEWS FOR EDUCATIONAL PURPOSE ONLY.
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
Downtrend trendline broken in Bajaj auto Limited..........
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.
Good chart structure Crossing yesterday's high Target 3880/3910 Stop loss 3820 I am just representing my views For educational purpose only
Bajaj Auto Taking A Support Near Regression Base Line. Good Opportunity For Swing Trade With Small Stop Loss ~ 3750, Buy ~ 3795, Target ~ 3950, 4000. Expected Target ~ 7 ~ 8 Trading Day's.
The stock has hit its resistance today, but looks like the 2 target above the resistance line will also be taken out. Only for learning purpose.
In Bajaj Auto Bullish Symetrical tringle pattern looking for breakout in weekly time frame,
Sell call with stop loss if this trade in favour only one day then you can hold this trade up to 20 march and you will get decent amount profit
more than -5% single day with big gap down, we can choose for short term long position for quick recovery in 3-4 days
Pattern target is confirmed with the another pattern target Overall we are bullish till 5300 - 5500 Thanks
NSE:BAJAJ_AUTO Price filled the gap and Finds support at 50% retracement level. Profit booking seems to be done…. Chances to cross 4,000 level.
Bajaj Auto, is ready to give good uptrend again, Stock already give good signal on weekly chart
In Weekly chart of BAJAJ_AUTO, we can see that it is near the breakout of Inverted Head & Shoulder upward momentum is expected in coming weeks after breakout.
both side target marked follow your risk management 200 ema important
Strong stock in the weak market auto sector is strong. #rs55 #rs21 period strong stock. Trend Line breakout on weekly chart immediate resistance is 4124 level on weekly chart. Both RS is positive.
Bajaj Auto giving falling trendline breakout and reclaiming all key moving averages. SL-3510 CLB Target-3800 Budget could be a trigger for Auto sector looking at where all the stocks are placed.