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.
Bajajelectircal
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 Electricals CMP: 1139Very strong chart structure on Weekly and Monthly. It has given multiple pattern breakouts on the daily and weekly chart. All oscillators are indicating a continuation of bullishness. We can expect a Rounding bottom target of 1185, 1270 in the near term. Also, expect a Flag pattern target of 1500 in the mid-term.