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.
Trading Idea : Buy Bajaj AutoNSE:BAJAJ_AUTO Making Higher High & Higher Low on weekly chart. Stock is suppose to bounce back from recent swing lows which is around 200 Day EMA.
We are recommending to buy stock around 3850 levels with Stop Loss of 3700 for the target of 4300 which near previous swing high.
BUY BAJAJ-AUTO AROUND 3810 TGT 4300/4700 SL BELOW 3699 The only hurdle is 3950 which is 20 week MA. Any break out above that can give atleast 10-12 % return in short term and can stretch much higher if the nifty auto is in support. It is a good trade with almost 3 % of SL as seen on price action on closing basis