BAJAJ AUTO - Bullish Consolidation Breakout with VolumesNSE: BAJAJ AUTO is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
BAJAJ_AUTO trade ideas
BAJAJ AUTO - KEEP IN WATCHLIST📊 Script: BAJAJ_AUTO (BAJAJ AUTO LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Automobiles
⚠️ Keep an eye on BAJAJ AUTO.
⚠️ It is near at its resistance zone.
BUY ONLY ABOVE - 4050
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!