I 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...
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.
Very 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.
WE SEEN HEAD AND SHOULDER PATTERN FORMATION..
AND FABONACCI LEVEL FROM RECENT LOW TO TOP &
price AT 78.6 % RETRECEMENT LEVEL !
SHOT AT CMP 340
TARGET _ 1 = DEMAND ZONE AROUND (311)
STOP LOSS = shoulder HIGH ( 345)
AROUND RISK REWARD
1; 6
- FAITHFULLY
...
