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BAJAJ AUTO LTD

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BAJAJ_AUTO trade ideas

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.
NSE:BAJAJ_AUTO
by zenthosh
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.
NSE:BAJAJ_AUTO
by zenthosh
2
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.
NSE:BAJAJ_AUTOLong
by The90sTraderOfficial
3
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.
NSE:BAJAJ_AUTOLong
by GreenTrends23
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.
NSE:BAJAJ_AUTO
by ruebennase