BAJAJ_AUTO Looks Weak - Weak Auto Sector - Weak Nifty
NSE: 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%...
NSE:BAJAJ_AUTO on daily SMA looks good for 1st 3900 and 2nd 4000 range
My View on this stock based on Smart Money Concept and Candlestick Pattern . . .
BAJAJAUTO bullish move continuation possible.. Multiple Confluence Points: 1. Demand Zone Reversal 2. Channel Continuation 3. Double Bottom Breakout & Retest Done 4. Break of Market Structure (Trend Changed)
Higher high formed on the day chart. Broke two day high and day high. Stop loss 3697
Focus on Bajaj Auto. 1st Target ₹3998 2nd Target ₹4123 Note : This is just for Backtesting and Educational Purpose Only.
Chart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
I Clearly mentioned that to short Bajaj-Auto for the Target of 3850. Target has been achieved. Enjoy your day traders.
If Bajaj Auto open below 3900, Look for a price action to Short. Short Bajaj Auto near 3900. Target 3850 SL 3905.
Bajajauto broke out of descending triangle pattern on daily charts with good volumes & with very good risk:reward ratio. Could be bought with mentioned stoploss & targets.
Bajajauto broke out of descending channel with good volumes on an hourly charts. Could be bought with mentioned stoploss & target
This was after being range bound in 3000-4000 for 2 years Plan ahead => could consider to Buy above 4000 - and/ or Rejections near 3000 PB 4x PE 18x ROCE 23 DivYld 4%
One can clearly identify a bearish flag pattern which is broken downside of the trend line.
Hey traders as of analysis Strong Resistance 3810 zone (fibbo 0.5 level Resistance) Strong support 3470 zone long above 3830
I feel that it's a Fibonacci retracement from 50% level. There is a negative diversion in daily. There is a major support/resistance level too. RSI is in overbought zone
BRITANNIA sell for intraday trading if stock break the given support level............