BAJAJ_AUTO trade ideas
Bajaj Auto Ltd (Bajajauto - NSE) - ABC wave patternBajaj Auto Ltd (Bajajauto - NSE) is in ABC zigzag wave pattern in 60 min time frame. Price is within B wave corrective as triangle till it holds invalidation level. C wave once will be confirmed when triangle broken out upside. In weekly time frame, it was choppy in up move, but in down cycle it was ABC flat correction, which was over and now started new up cycle as ABC.
BAJAJ-AUTO: Observing Bearishness- May Fall SoonBAJAJ-AUTO: Observing Bearishness- May Fall Soon if it cannot close and sustain above the 2570 Line.
Can enter short with an SL of above 2605 and TGT of 2500.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in BAJAJ-AUTO spot price chart. And also please note this is Positional analysis (for a 2-3 days period) and is NOT for intraday
This was also published in regional website, but sometimes may or may not appear here, so publishing my views in here also
BAJAJ-AUTO: Observing Bearishness- May Fall SoonBAJAJ-AUTO: Observing Bearishness- May Fall Soon if it cannot close and sustain above the 2570 Line.
Can enter short with an SL of above 2605 and TGT of 2500.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in BAJAJ-AUTO spot price chart. And also please note this is Positional analysis (for a 2-3 days period) and is NOT for intraday
Bajaj-auto short on the basis if itchimuku and support zoneIn hourly ichimuku chart, Kijun sen line is around 2325. And that price is acted as support/resistance area multiple times previously. So once it breaks that price and moves below 2300 on hourly basis then I'll short it with SL of 2330 with target of 2225.