Bajaj Electrical - Verge of a breakout
Possibly one of the hottest sectors in the market since the last 6-8 months in electrical manufacturing thanks to Dixon and Amber. As of last week PG Electropast also joint the past.
Bajaj is a trusted name in our markets and the numbers have done very well post covid. IF the company can stick to this runrate or anywhere close to it, there is HUGE upside left compared to its peers. ATH Breakouts are always very powerful and those one would be no different.
Long at CMP with a SL 5% below. I would start with a smaller allocation for this co because its too far stretched above moving averages and once it again tests its 10EMA or something i would add more to my position.
Bajaj is a trusted name in our markets and the numbers have done very well post covid. IF the company can stick to this runrate or anywhere close to it, there is HUGE upside left compared to its peers. ATH Breakouts are always very powerful and those one would be no different.
Long at CMP with a SL 5% below. I would start with a smaller allocation for this co because its too far stretched above moving averages and once it again tests its 10EMA or something i would add more to my position.
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