BAJAJ_AUTO trade ideas
Bajaj AutoTrade Setup:
Daily TF: seems to be forming cup and handle formation. Structure changed from LH - LL to HH - HL (bullish indication). Stock taking support at 200 EMA.
Weekly TF: Stock talking support at 50EMA
Entry = 3913 INR (CMP). Any dip is a buying opportunity.
SL = 1% below 200 EMA on daily TF or below pink trend line or swing low ie, 3660 INR
Target = 4260 INR
RR = greater than 1.5
BAJAJ AUTO LTD (Long)This stock has taken support at 3646 level twice.
shows a good support level to move up from here now.
its is a good stock to keep in portfolio.
Buy near 3646 - 3750
SL 3428
TGT 4240 - 4610
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.