Buying Pressure at EODI have already holding this stock from 3384 at buy price, now its reached to 3414 which is 30 points,
I still believe it having potential to move up due to narrow trades and buy activity with good volume at eod.
#note this is for my learning to evaluate myself, maybe keep this in your radar, am doing Paper trade only
BAJAJ_AUTO trade ideas
range breakout with volume_bullishif you notice in last upside move, bears were weak with narrow spread. and bulls were strong then bears (notice volume) when such kind of move happen near resistance ( you can always look for intraday trade also which gives you big gain in day trade) always breaks with wide spread. today close above mentioned resistance with vol then can be taken postional.
Bajaj Auto - Intraday Trade SetupBajaj Auto CMP - 3289
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 3275 / Stop Loss 3292
Target 1 - 3265
Target 2 - 3255
Target 3 - 3245
Disclaimer: This is my view and for educational purpose only.
BAJAJ-AUTO - Darvas Box - Swing Tradehis analysis is purely based on price action and chart pattern.
Through this analysis, a special strategy of how to trade DARVAS BOX is explained.
For similar case of Darvas Box and more understanding, refer to WIPRO chart - link shared below
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Trade Strategy along with logic is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any query and suggestion.