Buy Bajaj Auto Short Term Trading Advice by Goodluck Capital
Buy Bajaj Auto
Buy Range- 9400 - 9600
Target- 10200 - 10400
StopLoss- below 9000
Potential Return- 7-9%
Approx trade duration 14 - 15 days
BAJAJ_AUTO trade ideas
Long base breakout: Bajaj_AutoAfter 3 months of consolidation, bajaj auto broke out from a long base, horizontal line.
BAJAJ AUTO LTD S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BAJAJ AUTOFresh break out in bajaj auto. also it has all time high. can buy right now with sl. also gud entry on retest. with proper sl. target will be high. if it makes consolidation here.
BAJAJ AUTO LTD S/R for 16/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Bajaj auto ltdUptrend with HH HL
Breakout retest
Presence of demand at those levels
Rsi hidden bullish divergence and Avwap breakout
Bajaj Auto Going to upside for 10,000Bajaj Auto Going to upside for 10,000 minimum if sustain Above 9275 Invalid 8400 cmp. 9043
BAJAJ AUTO - SuperchargedNow its time for Bajaj Auto, looking good at this stage, i would love to go long now because everything is positive now like RSI above 60, trading above 60SMA and most important thing general election is over in India so now the way is clear !
BAJAJ AUTO LTD - NSE (BAJAJ-AUTO) ForecastThe stock chart for BAJAJ AUTO LTD - NSE (BAJAJ-AUTO) reveals interesting patterns and potential trading strategies:
1. Symmetrical Triangle Pattern:
- The chart displays a symmetrical triangle formed by converging trend lines.
- This pattern suggests a continuation of the existing trend.
- Traders should wait for a breakout from this triangle before making any moves.
2. Trading Strategies:
- Long Position:
- Consider buying if the price moves above a certain level.
- Target price for a long position: 3900.
- Short Position:
- Sell short if the price falls below a specific level.
- Target price for a short position: 3500.
3. Current Price:
- BAJAJ AUTO LTD is currently trading at 8948.20.
Remember, this analysis is based on technical patterns, and actual market behavior may vary. Always use additional indicators and risk management techniques when trading stocks.
Bajaj auto swing to positional trade Bajaj auto might give another break out with a good swing to positional trade opportunity
Entry - 9000
STOPLOSS - 8900
TARGETS - 9285, 9350, 9500++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Bajaj auto swing to positional trade Bajaj auto might give another break out with a good swing to positional trade opportunity
Entry - 9000
STOPLOSS - 8900
TARGETS - 9285, 9350, 9500++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
BAJAJ AUTOBelow are some support and resistance levels for BAJAJ AUTO stock. Currently, it is moving within a range.
Is Bajaj Auto Going to crash ?Bajaj Auto is At All Time High !!
Stock is in a Rising Channel and Prices are around the resistance
Resistance level is around 8500-8600
Previously we can observe that prices showed correction around 40% from the Resistance of the Channel
So can we expect the same fall ??
Lets see !!
WE ARE ATLEAST NOT BULLISH AT THIS TIME !!
Auto sector bulling natureThe Nifty Auto Index has been the top-performing index this week, with Bajaj Auto showing consistent performance. The stock was consolidating in the range of 2900-4000 before breaking the crucial resistance level around 4000. After that, the stock skyrocketed and reached 8500. It still looks like a lucrative investment option for the medium-term horizon as the industry is performing well and the stock price is increasing with sufficient volume. Anyone can consider buying this stock for a medium-term investment.
Also can buy 8400 CE @ 176.05 with strong SL according to risk reward.
Bajaj Auto Bearish BreakoutBajaj Auto may see a downside as per technical analysis, and the stock may show targets of 8245 in very short term.
Bajaj Auto might move further Bajaj auto can give a possible up move with a decent stoploss and good Targets
Entry - above or sustaining between
7715-7730
STOPLOSS - 7660
TARGETS - 7830, 7900, 8000-8030++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
BAJAJAUTO will reach 7000 ? cmp 6258Bajaj Auto broke 52 week high and showing momentum.
Technically bullish cmp 6258
Target as 6354, 6507, 6702
Reversal Support 5966 - 6090
6.70% Upside Potential
Bajai Auto.....Option trade ahead!?Hello Traders,
today I`d like to share the chart of "Bajaj Auot Ltd"., an Indian stock, that has risen since 08/23 in an impulsive move!
What caught my eye, is the fact, that the stock broke out to new highs on Friday, after a consolidation in a rectangle above 7419!
If this brekout is succesful, the stock should advance to multiple new high`s in the coming days and weeks.
Keep in mind, that a new ATH always is a new "buy-signal"!
This opens the door to sell a "Short-put" at tomorrows opening, and you will take the premium at first!
The next interesting fact is, the opportunity to set a close "stop-loss" @ 7210 or at the lower boundary of the rectangle @7032.15!
Choose a expiry date (max at 6-10 days) and a price "in the money"! Check before if any financial news to follow in the coming days for this stock! If so, let the option end before the news!
Let my know your thoughts about this trading-idea!
I am always thankful for comments, critics and new ideas!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
Update on $NSE:BAJAJ_AUTODear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:BAJAJ_AUTO I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 7150-7180 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 10050 In Downmove.
Resistance Levels to Watch out.
Resistance levels are the opposite, representing prices at which a stock has historically struggled to move above. These levels can signal a selling interest. Understanding resistance points is crucial for anticipating potential obstacles in the upward movement of a stock.
R1= 7150
R2= 7230
R3= 7350
Support Levels To Watchout.
Support levels represent prices at which a stock has historically had difficulty falling below. These levels often indicate a strong buying interest. It's important to monitor these levels, as a breach might suggest a potential downward trend.
S1= 7030
S2= 6810
S3= 6680
As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out.
Best regards,
