BAJAJ_AUTO trade ideas
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
R-0180 BUY BAJAJ AUTO BUY 3080-3083
SL 3047
TGT 3150
Reason: Ichomoku cloud break out + TK cross over + MACD cross over => bullish indicator
BAJAJ AUTO : 22 AUG 20 : GUESS THE PATTERN.BAJAJ AUTO : 22 AUG 20 :
GUESS THE PATTERN AND SEE THE ANSWER.
ACTUALLY THIS IS BULLISH IN DAY TREND THATS WHY THE OPERATORS PLAYED A GAME AND TRAPED THE INDIVIDUALS.
intraday alert !!bajaj auto is now as a critical level... big move in either direction expected today.
volume suggest the move to be northwards...
bajaauto long#Bajajauto if manages to give above 3150 60mcb can touch 3205 3240 3280 support 2970.Above 3315 dcb expect fireworks
BAJAJ_AUTO Bullish TrendWith OI Spurt, Increase in Futures Delivery. MACD Crossover. Positive Trend. A bullish breakout from recent ranged trading is plausible.
BajajAUTO 1D TF Stock is at Support line. Keep in a watch list. Perform your analysis accordingly before investing.
At the bottom of a rising channelBajaj Auto is at the bottom of a rising channel. Upside from here to the top of the channel
