Chart of the Week: Bajaj Electricals

On the Daily timeframe chart we can see there was Head & Shoulder pattern formed in this stock but then, trend was very strong, so prices just kept going up and Head & Shoulder pattern voids and this stock is in strong uptrend. This week this stock had a breakout and is ready to go further up. Its multiple years High is 680. This is our first target and above 680 level, this will enter into a new orbit and previous support and resistance levels will no longer be valid for this stock.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.