BAJAJ_AUTO trade ideas
Bajaj Auto on the Verge of BreakoutBajaj Auto on the verge of breakout,
Above 3160, it can touch 3250--3300 and then to 3400++ in days to come.
Stop loss below 3040.00
BAJAJ-AUTO - Darvas Box - Swing Tradehis analysis is purely based on price action and chart pattern.
Through this analysis, a special strategy of how to trade DARVAS BOX is explained.
For similar case of Darvas Box and more understanding, refer to WIPRO chart - link shared below
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Trade Strategy along with logic is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any query and suggestion.
BAJAJ AUTOIm not an expert im just sharing my views on BAJAJ AUTO for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Bajaj Auto - Critical Decision Level @3100Bajaj Auto has been following a clear trend line with topside resistance. A parallel trend line with bottom matching makes it a 339 point channel.
Ignoring the covid impact from April to July the stock has been properly following the channel and gives a great call / put buying opportunity with minimal time decay to premium as it arises just a week before expiry at closing price in the range of 3100.
If the closing is above 3100 call for 3200 can give excellent return considering just 7 days to expiry and because it's a long trend channel break out the upside move shall be fast so results in prices can be seen before November expiry.
If it retractes from 3100 then puts shall be available much cheaper rate due to last 3-4 days upwsing and hence put of 3000 can show immediate result before November series expiry.
Bajaj Auto shows bullish signalPlease do your analysis as required or contact your financial advisor. Below is the trade setup.
Entry: 2977
SL: 2928
Exit: 3031
Kind Note: Please also consider the impact of the outcome of the US elections, which has not been considered by me.
BAJAJ-AUTO - Intraday/Short Term tradeThis analysis is purely based on price action.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
BAJAJ-AUTO AT IMPORTANT LEVELBajaj-Auto At Support If Breaks The Zone Will Fall If Bounces Back Will Show Up Move
Short Bajaj Auto Ltd1. Shooting star pattern clearly visible in 15 mins & 30 mins Time frame
2. Bearish divergence in 45mins , 1hr & 2hr Tf etc
Bajaj Auto sell at 3107 stop loss 3135
First Target 3025
second target 3000,2975
final target 2925,2875
within OCT expiry
BAJAJ_AUTO INTRADAY TRENDAs per the Technical Analysis Chart Pattern, BAJAJ AUTO Intraday view.
The potential bullish trend with the upside of 2975-2995as the target from the breakout of 2960. We can follow the strict Stop Loss of 2940. It is only Buy Above the resistance of level of 2660.
Traders, If you liked this idea, hit the like button and write in the comment section.
This is only for educational purposes.
Bajaj Auto (Ready to Breakout or Breakdown ?)Bajaj Auto has formed a triangle just like Heromotoco. However there are a few interesting formation building up in a larger time frame i suggest you have a look at the monthly TF and you will understand why the Red Line. Prices might be driven on sentiments regarding the incoming auto numbers on the 1st of October so any breach might be halted/stopped out in case the numbers support an opposite trend. Otherwise a breach should take the price in the direction of the breach.
Trade with Caution
BAJAJ_AUTO 4HRBullish Crab & Bullish GARTLEY forming at TREND LINE support
Blue patterns are from 1HR TF
Potential Buy
BAJAJAUTO sideways to down movement.As per recent daily candles; it shows both side big wiks and less body candles, there is indecision in short term basis, it seems bears are selling on rise.
Hence one has to wait for confirmation to enter the trade for swing & long term.
