BAJAJ_AUTO SELL R:R 1:5 based on Custom High/Lows
TWT_TIME_BASED_HIGH_LOW Indicator is the tool.
Reasons and indicators to buy:
-RSI Above 60
-MACD Crossover (But Crossover occurred long time ago)
-Higher volume than the past 5 trading sessions
Breakout in Bajaj Auto
Bajaj Auto Expecting Bullish View.
Last 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.
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.
Bajaj Auto - Short at CMP 3250 for the target of 3170 with SL of 3270
Bajaj Auto Showing Resistance Multiple times
Sell Bajaj Auto Below 3040 sl 3165 tgt 3000/2830