REFER CHART FOR DETAILS
BAJAJ-AUTO - GO SHORT FOR NEXT 10 DAYS
BAJAJ-AUTO (Bajaj Auto Ltd) BUY ABOVE 3260
Stock travelling towards a major support area. Re-tracement sell for a good 50 point move downwards
BAJAJ AUTO LTD Sector: Consumer Cyclicals Industry: Auto & Truck Manufacturers Employees: 8013 Bajaj Auto Limited is an India-based manufacturer of motorcycles, three-wheelers and parts. The Company's business segments include Automotive, Investments and Others. The Company's vehicles include two-wheelers and commercial vehicles. Its two-wheelers include Bajaj V,...
I am expecting Bajaj auto going to fall as per longer time frame chart the target is 2200
Levels mentioned on charts
sell below 3003 sl 3019 for 2985-2967
BAJAJ-AUTO - SHORT TERM AND MEDIUM TERM PLAN
Breakdown on descending triangle, Sell: 2543; Target: 2224; SL: 2700
This may be a false break. Next few days can prove to be crucial.
I FEEL THE STOCK HAS ALREADY RALLIED AND DONT FIND MUCH UPSIDE IN THE STOCK AND THUS SEE 3000 , 2850 , 2700 LEVELS IN IT .. SL @ 3050
Today, it was totally a buyers show. Buyers actively took the prices above the previous resistance level of 2940 and now it shall move further up and reach to 3000-3050 levels before the profit booking takes place. It is a good time to enter with stoploss at 2870.