TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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.
Hello Traders,
I would want to see Bajaj Electric to continue upmove and then taking a small pullback would be a buy signal for me.
Thus I would not enter right away if BajajElectric moves upwards.
My trade setup wouldbe as follows:-
Stock: Bajaj Electric, Swing Trade Cash Segment.
Entry: 1277-1288
Target: 1549
SL: 1210
Risk Reward- 3:1
Happy Trading!
TRADING LEVELS ARE MENTION ON CHARTS, BIG BREAKOUT ON WEEKLY CHARTS WITH REASONABLY GOOD VOLUMES .
Big breakout on weekly chart with reasonably good volumes. Trading levels are mentions on charts.
Breaking out earlier resistance and maintain higher level.
Good to buy when it sustained above its high or near 1200 range which is good support.
Targets open
Festive season ahead.
hourly timeframe for a better view on breakout retest pattern. also the stock has bounced from 20 EMA. looks good for the marked targets. red line below is the stoploss
NSE:BAJAJELEC
All Details are given in the chart
New Traders Should Learn Chart Patterns and Breakout strategies Used in the
Given Trade Idea.
Holding period will be 1-2 week
Note - This Trade Idea is only for Educational Purpose We are/would not be responsible for Any Profits or loss of yours
So Do your own research too.
Bajaj 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
Stock 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
Bajaj 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.
BE's uptrend is likely to continue till the time it holds 480 on daily or weekly closing basis. 800 + levels are expected by Dec 2021. Correction if happens towards 575-555 then it will present great opportunity to add in portfolio.
Disc : It's not an investment advise to buy or sell
