BAJAJ FINANCE Bullish PatternBajaj finance
weekly Breakout
buying level 7440
target as show in chart
stoploss follow
Bajajauto
Buy Bajaj Auto Short Term Trading Advice by Goodluck Capital
Buy Bajaj Auto
Buy Range- 9400 - 9600
Target- 10200 - 10400
StopLoss- below 9000
Potential Return- 7-9%
Approx trade duration 14 - 15 days
BAJAJ AUTO Shortterm VIEW BEARISHAfter a good run from Rs.4,000 (in APRIL 2023) Stock has doubled and more to Rs.10,000.
Along the journey We have seen small consolidations at Rs.8,500-9,300 and stock reached Rs.10k After that we have seen a small dip towards 8,800.
Now its forming a HNS Pattern in Weekly TF.
I expect a Downside correction to 7,000-7,300 Zone.
I also believe Automobile Sector will go through some consolidation.
BAJAJ AUTO LTD - NSE (BAJAJ-AUTO) ForecastThe stock chart for BAJAJ AUTO LTD - NSE (BAJAJ-AUTO) reveals interesting patterns and potential trading strategies:
1. Symmetrical Triangle Pattern:
- The chart displays a symmetrical triangle formed by converging trend lines.
- This pattern suggests a continuation of the existing trend.
- Traders should wait for a breakout from this triangle before making any moves.
2. Trading Strategies:
- Long Position:
- Consider buying if the price moves above a certain level.
- Target price for a long position: 3900.
- Short Position:
- Sell short if the price falls below a specific level.
- Target price for a short position: 3500.
3. Current Price:
- BAJAJ AUTO LTD is currently trading at 8948.20.
Remember, this analysis is based on technical patterns, and actual market behavior may vary. Always use additional indicators and risk management techniques when trading stocks.
BAJAJ AUTOBelow are some support and resistance levels for BAJAJ AUTO stock. Currently, it is moving within a range.
Is Bajaj Auto Going to crash ?Bajaj Auto is At All Time High !!
Stock is in a Rising Channel and Prices are around the resistance
Resistance level is around 8500-8600
Previously we can observe that prices showed correction around 40% from the Resistance of the Channel
So can we expect the same fall ??
Lets see !!
WE ARE ATLEAST NOT BULLISH AT THIS TIME !!
BAJAJAUTO
NSE:BAJAJ_AUTO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BAJAJAUTONSE:BAJAJ_AUTO
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BAJAJ AUTO 1 HOUR SHORTBajaj Auto
1 hour : Price has tapped on Decisional supply zone.
watch for confirmation on 5 min timeframe and we can see short term downside momemtum.
Watch for an intraday opportunity..
Thank You....!
Bearish on Bajaj AutoBajaj Auto (NSE Ticker: BAJAJ_AUTO) is forming two back to back bearish patterns on the hourly chart.
First bearish pattern: Broadening formation
Second bearish pattern: Head & Shoulders
We see high probability of fall in price in the coming days toward measured move and 200SMA target of 4410.
BAJAJAUTO MAKE OR BREAK LEVEL👉Make or Break level
👉Price near the resistance Zone 4255--4360
👉If price respects resistance than good fall possible
👉If breaks resistance good move towards upside possible
👉Keep it on radar 👍
BAJAJ AUTO - Bullish Consolidation Breakout with VolumesNSE: 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% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
BAJAJAUTO bullish move possible..
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)
Bajaj Auto Focus on Bajaj Auto.
1st Target ₹3998
2nd Target ₹4123
Note : This is just for Backtesting and Educational Purpose Only.
EMA200 +Supertrend crossover for Bajaj Auto - 15 Minutes chart
EMA200 +Supertrend crossover for Bajaj Auto - 15 Minutes chart
BAJAJ-AUTO - Supply emerged at 4100 in Sep'22This 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%
Bajaj Auto Day ChartHey traders as of analysis
Strong Resistance 3810 zone (fibbo 0.5 level Resistance)
Strong support 3470 zone
long above 3830
BAJAJ FINSERV LTDBAJAJ FINSERV LTD
BAJAJ FINSERV LTD is forming a good pattern, there is a good accumulation happening at current levels.
BAJAJ FINSERV LTD is Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Finance
Industry: Life/Health Insurance
BAJAJ AUTO - KEEP IN WATCHLIST📊 Script: BAJAJ_AUTO (BAJAJ AUTO LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Automobiles
⚠️ Keep an eye on BAJAJ AUTO.
⚠️ It is near at its resistance zone.
BUY ONLY ABOVE - 4050
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Happy learning with trading. Cheers!
BajaAuto Short TradeBajaj Auto has completed the retracement move which is going on since Dec 21. It has started the downside journy and have given gap down opening today. The immediate target is 3315 and in couple of weeks (2 months or so) should be 2600.
BajajAuto Trading Below Intrinsic valueIntrinsic value- 4250
CMP- 3618 ( 15% discount compared with IV)
***Stock is Undervalued***
Best levels- 3450 or 3150.
