BAJAJELEC
BAJAJ ELECTRICALS||14-12-2022||SWING AND SHORT TERMI AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dashed line--Supportive line
**Red dashed line--Resistance line
**Red dotted line--hidden resistance line
**Black up and down arrow--touches of support line
**cmp:1148
In this chart, I can see good breakout of descending pattern
The Resistance Line was breached with very good candle.
keep following We will grow like healthy society.
BAJAJ ELECTRIC - Falling Wedge + Bull pennant breakout - SwingThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Bajaj Electricals - May soon reverseKey Highlights:
1. Bounced off from the previous support level.
2. Sellers unable to push the price below the psychological level of 1000.
3. Some increase in volume.
4. Continuous Bullish divergence.
5. Look for pullbacks on lower time frames and enter accordingly.
6. Good movement expected on closing above 1100.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
BAJAJELEC :: LONG SetupBuy Zone :: below 1080
and/or above 1130 (price should sustain / retrace this 1130+ level)
StopLoss :: 1010
Use the Resistance Zones (Red boxes) as targets
Reasons for increased probability::
----------------------------------------------
-- increase in volumes below 1150 levels.
-- Price brokeout the bearish resistance Trendline and good Demand Wicks seen last few sessions.
-- Bearish momentum broke out in RSI as well
/**
Caution : Prefer allocating <10% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
#APOLLO APOLLO #WHIRLPOOL #BAJAJELEC #TVSELECT #APPLIANCES #NSEApollo Micro Systems Ltd.
NSE:APOLLO
NSE:APOLLO
CMP: 125
Target: 140
SL: 115
Time Frame < 3months
Risky but profittable 12%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Simple Positional Long/Buy Trade Setup | BAJAJ ELECTRIC | NSE:BAJAJELEC
This is only for positional trade. Short - mid term.
1) On daily time frame, we can see it sustain and took support from 200DMA.
Also closed above major support zone of 1075-1100 level range.
Please refer below chart : 1day Time Frame.
Keep your positional Trade with strict SL.
Bajaj ElectricalsBajaj Electricals - Cmp 984
Looks good for long with sl 912 on closing basis.
Reason:
1. Favorable risk reward as near to major support area.
2. Hidden bullish divergence
Bajaj Electricals - Intra and Swing TradeStock has moved up after making double bottom and has broken the resistance zone to make new ATH.
There are 2 possible scenarios mentioned in the chart for stock's future journey. Kindly wait for right levels before taking any trade.
Intra - Buy if sustains above 1167 for 5-10 mins
Swing - Need to wait for 15-30 min candle close above 1167
BajajElec BreakoutBajaj Electric had a wonderful breakout on the last trading session with decent volume. can be taken entry on retest as the risk now looks higher. Trading at ATH.
BAJAJ ELECNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Buying opportunities for 19th April Monday BAJAJELEC , GLENMARK,
Apart from the stocks and sectors mentioned in the video, I forgot to mention a few more stocks that I had shortlisted. They are,
BAJAJELEC
GLENMARK
WIPRO
The key levels to watch out for trading next session are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
BAJAJELECThe stock is taking support at 50ema multiple times.
Today the stock has formed strong bullish candle with good volumes.
CMP: 517
Target: 550
BAJAJ ELECTRICALS SWING BUYBaj Elect has broken its swing high and resistance, once broken 475 new high can be seen
Medium Term Investment Pick : Bajaj Electricals Bajaj Electrical Breakout on Weekly and Monthly TF, Expecting N Wave Formation. Target 730/923+ Holding Period 18-24 Months
BAJAJELEC - Buy ABOVE 552 / Target 583 / Stop Loss 536BAJAJELEC - Buy ABOVE 552 / Target 583 / Stop Loss 536
