Bajaj auto good shorting candidateElliot wave,, rising wedge,, rsi negative divergence,, bearish marubozu candle formation
all suggest bearish view on counter ,,
view gets negated above 2850 levels
down side 2650-2580-2520 possible
BAJAJ_AUTO trade ideas
wait for the breakout.price tried breakdown, but it came back in pattern again. we will wait for the right time.
Bajaj Auto Support Zone 2290-2295Traders can look to buy in range 2290-2295 for a price target 2507.
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 shortbajaj auto is looking weak in is 4 hour time frame clearly it is making rising veg channel which always breakdown.
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 - 21st May 2020As results announced and results is very good at this conditions.
One more stock to see interesting rally and see 100 Price Change Rally and its looks Bullish.
It is crossed all EMA and good time for long position or intra day too.
Lets see tomorrow Morning.
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
Short setup for Bajaj Auto for day trader !According to wave principle Bajaj Auto looking Clear short with accurate fib level Short Bajaj auto: 2670-2700, Sl: 2770, Target 2600-2500-2400
Thanks, Message for further info !!
Bajaj auto good shorting candidateBullish shark pattern formation
near trend line resistance of rising wedge pattern
view gets negated above 2800 levels,,,,
Bajaj Auto - 15 Min - Trend PatternBajaj Auto - looking good to go long from 2400 with a stop loss of 2200. Tg - 2800 - tg 2 - 3000 - time frame 30 days.
Bajaj Auto - Breaking out It has been observed that the price action is breaking out from a consolidated triangle pattern, indicating further up movement.
T1- 2550
T2- 2750
SL- 2200
Kindly note once the price action closes above the 2400 levels then the pattern confirms.
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.
BAJAJAUTO DOUBLE BOTTOM BUY OPPORTUNITYBAJAJAUTO HAS FORMED DOUBLE BOTTOM FORMATION ON H-1 CHART.
BUY ENTRY: INR 2160-2180
STOP LOSS: INR 2010
TARGET-1: INR 2410
TARGET-2: INR 2520
Value Investing 6: Bajaj Auto LtdGet value stocks of all sectors - Contact 07066035072 (Whatsapp only)
Sector: Automobile
% Debt of Market capital: 0 (No debt)
PEG: 1.64 (Fast growth)
Beta: 1 (Not Volatile)
Fair value: 2740 (Compare with current price)
Key buying/support level: 2331-1848
Fundamentals: www.fundata.in
