When it comes to the technical analysis of BAJAJ AUTO LTD, you might get an impulse to the downside. Based on my technical analysis, it is still in uptrend. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just below the entry area.
What do you...
Bajaj auto forming a double bottom and ready to breakout above the trendline as well.
Good to go in this stock for target of previous high (4300 levels).
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please...
Bajaj Auto, the trend is good on the monthly timeframe and its weekly price action is suggesting that it trying to form a short-term bottom.
And there is a support zone 3790-3743 that confirms the said price action, now if this support zone holds price might move towards the upper range.
Bajaj Auto has reached imp support levels, if held we might see a good bounce in the stock.
Harmonic Support, Price action support, and 200-day moving average support all converge near the 3300 levels.
The stock saw a good up move of approx 500 points i.e from 3450 levels to 3966 levels.
From the Past 8 Trading sessions stock has been moving in a range of approx 200 points.
Now there are two types of trades, that can take place
Support Trade :
Pros - good risk-reward ratio 😀
Cons - might get stuck in sideways move for a while, i.e it can test your...
NSE:BAJAJ_AUTO whoever holding can hold till PRZ fresh long till PRZ and if one can find reversal then can short from PRZ.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI...
