BAJAJ_AUTO trade ideas
START BUYING BAJAJ AUTOAfter stock got out of SENSEX 60, This stock has taken lot of hit. Moving above trendline will make this AUTO stock boom. Sector is already most promising with ELECTRIC VEHICLE hype.
Stock is bouncing from its support with Volume.
BUY ABOVE 3850
STOPLOSS AT 3450
TARGET FOR 4750
bajaj auto for very very long termAs we can see yellow trendline, i have shown how bears trapped bulls after touching trendline and fell two times but third time, this resistance trendline was finally breached upside. Now the thing is in monthly timeframe this trendline is never retested to bounce back and continue uptrend. So according to me, this line will be tested and work as extreme support and this time bulls will trap bears on this line as shown on chart. So, buy in delivery near 3106 for target of 5600. Also note that 3480 is very good support if we see in monthly timeframe. So, We can only see price action when this level is hit, target from here also will be 5600.
good luck
Elliot Wave View: NSE BAJAJ_AUTO (Long)Elliot Wave View: BAJAJ_AUTO Impulsive Rally Should Extend (Buy on dips)
January 27, 2022 NSE:BAJAJ_AUTO by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of BAJAJ AUTOCash NSE.
Long Term Elliot Wave view suggests low from December 20, 2021 could have ended at 3027.05 (138.2% FIB), and could extend higher from the current level, every fall in the price could give us a buying opportunity in BAJAJ_AUTO.
Initiation Range: BUY ON DIPS
Invalidation level: 3027.05
Positional Target: 4050, 4624.65
Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
BAJAJ AUTO MID-TERM SWING TRADE!Hi everyone, Bajaj auto mid term swing trade consider buy above: 3,375, target: 3,650, stoploss: 3,295.
LOGIC BEHIND TRADE: Stock has recently bounced from (harmonic xabcd pattern level 1.272) & it has given breakout of it`s resistance buying on pull back is idea & make RR good target is taken previous support it will be resistance for now & stoploss is taken low of resistance candle. NSE:BAJAJ_AUTO