BAJAJ-AUTO AT IMPORTANT LEVELBajaj-Auto At Support If Breaks The Zone Will Fall If Bounces Back Will Show Up Move
BAJAJ_AUTO trade ideas
Short Bajaj Auto Ltd1. Shooting star pattern clearly visible in 15 mins & 30 mins Time frame
2. Bearish divergence in 45mins , 1hr & 2hr Tf etc
Bajaj Auto sell at 3107 stop loss 3135
First Target 3025
second target 3000,2975
final target 2925,2875
within OCT expiry
BAJAJ_AUTO INTRADAY TRENDAs per the Technical Analysis Chart Pattern, BAJAJ AUTO Intraday view.
The potential bullish trend with the upside of 2975-2995as the target from the breakout of 2960. We can follow the strict Stop Loss of 2940. It is only Buy Above the resistance of level of 2660.
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This is only for educational purposes.
Bajaj Auto (Ready to Breakout or Breakdown ?)Bajaj Auto has formed a triangle just like Heromotoco. However there are a few interesting formation building up in a larger time frame i suggest you have a look at the monthly TF and you will understand why the Red Line. Prices might be driven on sentiments regarding the incoming auto numbers on the 1st of October so any breach might be halted/stopped out in case the numbers support an opposite trend. Otherwise a breach should take the price in the direction of the breach.
Trade with Caution
BAJAJ_AUTO 4HRBullish Crab & Bullish GARTLEY forming at TREND LINE support
Blue patterns are from 1HR TF
Potential Buy
BAJAJAUTO sideways to down movement.As per recent daily candles; it shows both side big wiks and less body candles, there is indecision in short term basis, it seems bears are selling on rise.
Hence one has to wait for confirmation to enter the trade for swing & long term.
INTRADAY STOCKS SELECTIONS ( 10/9/2020)
A breakout is a potential trading opportunity that occurs when an asset's price moves above a resistance level or moves below a support level on increasing volume.
The first step in trading breakouts is to identify current price trend patterns along with support and resistance levels in order to plan possible entry and exit points.
Once you've acted on a breakout strategy, know when to cut your losses and re-assess the situation if the breakout sputters.
As with any technical trading strategy, don't let emotions get the better of you. Stick with your plan and know when to get in and get out.
Bajaj auto - Rising wedgeIn the bajaj auto, I could see a rising wedge which is a reversal signal.
- In a day chart, it has made LH and corrected up to 0.618 fib level.
- Also broken the wedge and restest are done.
Expecting a down move up to 2861 in the coming week.
Sell below 2981, target 2861
