BAJAJ_AUTO trade ideas
BAJAJ AUTO going to fall in long term I am expecting Bajaj auto going to fall as per longer time frame chart the target is 2200
BTST BAJAJ_AUTOIf it break resistance as mentioned in the chart, It will may go further up other wise, there will be downward movement exception. All the details mentioned in the chart.
BAJAJ AUTO rising wedge developing on smaller time frame.looking to open a short as and when it breaks out from the wedge.
All green lines are #vaba levels and they perfectly blend with the given structure.
#beauty of #vaba
Test Trade - Long Straddle on Bajaj AutoEarnings to be out today. Intrinsic value breakevens are marked in red, with theoretical intrinsic strategy breakeven in black thick lines.
If the price moves above or below the upper or lower black line respectively, the Long Straddle is in profit.
I was inclined to take the trade but the premium was far too heavy, with October options expiring tomorrow and November being too high in theta value. Considering playing this on October, will put an update if I end up taking the trade.
BAJAJ AUTO IS SHOWING SOME SIGNSBAJAJ AUTO IS NOW FORMING A WEDGE PATTERN AFTER COMING FROM A STRONG UPTREND AND NOW WAITING FOR A BREAKOUT ON EITHERIDE PERSONALLY ILL TAKE A SHORT IF IT BREAKS BELOW.
BajajAutoSell 3204, Trgt 3150, SL 3210.
Rationale: Bulls may book profit at strong resistance at 3200 Calls.
Buy 3210, Trgt 3255+, SL 3200.
Rationale: Strong uptrend and formation of a Bullish Flag which if triggered may make 100-200 points.
