BAJAJ_AUTO trade ideas
Bajaj Auto :: At Crucial LevelsBajaj Auto on a weekly TF seems to be at a very crucial level wherein it is on the verge to break weekly falling trend line as well as a horizontal resistance line...
Price attempted to close above in last trading session but could not succeed, however any close above the 3647 level should lead to good rally ...
Keep a watch
Note: This is only for educational purpose, not a recommendation for Buy or Sell
BAJAJ AUTOBajaj 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 analyze charts yourself and then decide to take any trades.
BAJAJ-AUTO. what you can spot??????bajaj auto in daily time frame after a long term down trend it has created a vedge pattern which is supposed to be broken in downside but here however if it has potential to go higher then it may give some short of conformation on the support level like i have shown in picture it might or might not create a double bootom or give us a some short of doji or engulfing at nearest support as shown in picture.what u think guys please let me know in the comment section.again please take this as a knowledge purpose please do your own analysis before taking trade , i hope it will help.thanks :).
BAJAJ AUTO LTD - BAJAJ _AUTO(NSE) | FLAG CONTINUATIONBAJAJ AUTO LTD - BAJAJ _AUTO(NSE) has been following a Flag Continuation pattern since May 2021, when viewed in a 4hr time-frame. During the times when the red dashed line i.e.; 3446 had acted as a good support in the past, the price had rallied till 4344(green dashed line), as depicted by the curved, yellow arrows. Hence, a long candle cutting the rectangle upwards can be considered as a good buying opportunity, keeping the target as 4344. Watch out and see whether the price takes a support around 3446 levels and move further upwards.