BAJAJ_AUTO trade ideas
Test Trade - Long Straddle on Bajaj AutoEarnings to be out today. Intrinsic value breakevens are marked in red, with theoretical intrinsic strategy breakeven in black thick lines.
If the price moves above or below the upper or lower black line respectively, the Long Straddle is in profit.
I was inclined to take the trade but the premium was far too heavy, with October options expiring tomorrow and November being too high in theta value. Considering playing this on October, will put an update if I end up taking the trade.
BAJAJ AUTO IS SHOWING SOME SIGNSBAJAJ AUTO IS NOW FORMING A WEDGE PATTERN AFTER COMING FROM A STRONG UPTREND AND NOW WAITING FOR A BREAKOUT ON EITHERIDE PERSONALLY ILL TAKE A SHORT IF IT BREAKS BELOW.
BajajAutoSell 3204, Trgt 3150, SL 3210.
Rationale: Bulls may book profit at strong resistance at 3200 Calls.
Buy 3210, Trgt 3255+, SL 3200.
Rationale: Strong uptrend and formation of a Bullish Flag which if triggered may make 100-200 points.
BAJAJ AUTO WILL GET PUNCTURED SOON ...WAIT AND WATCH !!!!!!!I FEEL THE STOCK HAS ALREADY RALLIED AND DONT FIND MUCH UPSIDE IN THE STOCK AND THUS SEE 3000 , 2850 , 2700 LEVELS IN IT ..
SL @ 3050
Bajaj Auto - Bearish pictureBajaj Auto
CMP 2773.
Breached an important support line in the weekly chart.
Can move towards 2550 in the coming days/ weeks.
Strategy is to short this counter on every rise.
Stop should be initially at 2875 and should be gradually trailed.
Bajaj Auto - A potential bearish setupCMP 2943
Target 2750
Stop 3025
Stock below 200 ema
Breaks previous support.
Shorting suggested only below 2930.
BUY SETAUP BAJAJ AUTODAILY FINANCIAL WISDOM: As soon as you trust yourself, you will know how to trade..
SELLDAILY FINANCIAL WISDOM: Just as in trading, "a sailor can't control the wind, but he can adjust the sails..
INVERTED HEAD AND SHOULDER IN BAJAJ AUTO longbajaj auto has formed a good inverted head and shoulder pattern on charts, good auto sales may help it reach 2950 in same exopiry. keep sl of 2815 closing
BUY -2733 ,SL 2684 , TP 2760DAILY FINANCIAL WISDOM: If you cannot find your perfect trading method from the chart in front of you, where else do you expect to find it?
BUY-2729 SL2683 TP 2760DAILY FINANCIAL WISDOM: If you cannot find your perfect trading method from the chart in front of you, where else do you expect to find it?
SELLDAILY FINANCIAL WISDOM: "A year from now you will wish you had started learning to trade today..."
