happy to say bajaj rally is finally coming up and its green weekly candle has gievn us that confidence for us to take this tradeon.
stop loss and target have been mentioned, enjoy!
NSE:BAJAJELEC Past Two Years Trdaing B/W Rs.900 to Rs.1300 we Can Expect Some Big Move on the Upside above Rs.1300 also we can Expect some Move on Down Side Below Rs.900 add to Your Watch-List
Bajaj Electricals has approached its institutional buying zone and is rangebound over a long horizon as clearly visible.
position Sizing is recommended...
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten...
target would be breadth size of the box
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
Bajaj Electricals has been trading in a sideways pattern for the past 10 months, as shown in the chart. In May, it broke out of this pattern and started moving in a upward trend.
If we zoom in and look at a smaller time frame, we can see that another sideways pattern has formed within the larger pattern.
We have two options: we can wait for the price to break...
BAJAJELEC:- Wait for the breakout, plan something only after it, almost after 1.5 years the stock will give breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
In the Weekly Chart of BAJAJELEC,
we can see that; the trendline is respected many times.
It is now at make or break situation.
Possible momentums are shown in chart.
1. BO sideways above 1172
2. Price is basing at Support
3. Enter at Support levels to target 1210
#DISCLAIMER: Non SEBI | Consult your Financial Advisor| Trade setup and Tweets for Educational purpose Only
Swing trade opportunity in BAJAJ ELECTRICALS.
Entry - 1048
Target - 1158
DISCLAIMER: I am not SEBI registered. The ideas posted here are only for educational purpose.Always trade with proper STOPLOSS.
BUY - BAJAJ ELECTRICALS
CMP - Rs. 1104
Target - Rs. 1314
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Comment: 1) Target will be achieved in short term
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Technicals - 1) Harmonic Pattern - Snorm
2) Targets set using Fibonacci Retracement and Gann angles
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