Bajaj Electricals on daily timeframe 1 year chart seen strong BUY signal today ..strong triangle breakout with very good volume up more then 7% at closing. chart shows stock corrected from 1600 odd level to around 950-970 level and bottom out that level, trend reversal confirm today's bullish candle .
Bullish histogram seen on chart .
co posted good quarter...
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
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This stock is technically too weak almost near its all time low. The stock marine electrical is putting no more lower lows from a harmonic bullish bat pattern which is sign of trend reversal . Other confirmations can be a trend line breakout and higher highs higher lows formation
If anyones looking for a high rewarding low risk stock but rate of sucess is too low...
