#BAJAJ AUTO POSSIBLE TO BUY#BAJAJ AUTO trading 3704 formed bullish pattern,
yesterday trading break out our retracement level,
we can buy above 3737 and tgt for 3775,
positional tgt 3800 and
follow SL 3704 closing basis
Key stats
Volume
—
Current contract
BAJAJ_AUTOJ2023
Contract size
250
BAJAJ_AUTO SELL R:R 1:5 BASED ON CUSTOM HIGH/LOWBAJAJ_AUTO SELL R:R 1:5 based on Custom High/Lows
TWT_TIME_BASED_HIGH_LOW Indicator is the tool.
BAJAJ AUTO LONGReasons and indicators to buy:
-RSI Above 60
-MACD Crossover (But Crossover occurred long time ago)
-Higher volume than the past 5 trading sessions
Bajaj Auto Breakdown awaiting.. RR 1.5Last 3 days there is a good OI buildup in Bajaj Auto. If it breaks 3775 ( Closing basis) then one can go for 1.5 RR.
BAJAJ AUTO Ascending Triangle Ascending Triangle Strategy:
Entry on the breakout of the resistance.
The height of the triangle (2.45%) is also the target of the first target of the trade @ 3506.
Stop Loss is 1% lower @ 3385. Giving a good RR.
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