BAJAJELEC trade ideas
BAJAJELEC shows strengthWeekly is bullish and daily has a higher high. Looking to buy this 540 to 550 with stop at 530.
BAJAJELEC shows strengthThis market shows strength. Weekly is bullish and daily has formed a higher high. Looking to buy this at 540 - 550 with stop at 530.
Supply is higher than demand. Short term shorting opportunity4-8-18: Short at 613 and cover at 603 and stop at 618 from 5 minutes chart and with having daily support and resistance level.
This stock is at its pick and started getting supply
Bajaj Electricals_On the verge of breakoutGo long. Possible breakout after 573. MACD and Volumes are driving the trend.
Bajaj Electricals_On the verge of breakoutGo long. Possible breakout after 573. MACD and Volumes are driving the trend.
Bajaj Electricals_On the verge of breakoutGo Long for Bajaj Electrical. MACD and Volume following the trend. May go high if crosses 573 level.
Bajaj Electricals Ltd. 1 Hrs. Ascending Triangle Chart Pattern!Technical : 1 Hour Chart
Ascending Triangle Chart Pattern! Breakout Confirm! @ 492
Technical Target : 628
Bajaj Electric : Cup and Handle Pattern break out on Weekly charBajaj Electric : Cup and Handle Pattern break out on Weekly chart
Possible on 5th Wave I am not an Elliott wave Trader but made an small efforts in plotting the wave count , with this it is indicating we are on 5th wave,
I have made an effort in putting the time and wave count together in order to understand when we can expect the end of this last impulsive wave before the correction starts
This entire wave count and details are my personal opinion does not conflict any one opinion or statement
Regards
Shivakumar
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BajajelecBuy if it stays above 350 for sometime.
Target 370/390 is short to medium term
SL Cose below 338
Un Stoppable The stock is on Fire , it may have small pull back , one can enter with their risk and appetite for Target of 404+
Regards
BAJAJELEC Long Setup - May test 325 - 350BajajElec looking good on daily timeframe charts for long positions. SL Would be 294 On closing basis. May test 325-350 soon. CMP 306
Bajaj Electrical Long term range brake out What is interesting is that the stock was trading in range bond form 2010 Now it broke the range and trying to retest the support at 330 if price holds at 330 and rebound then we can look for new higher high in the stock , the only Question is weather the intuitional investors are keen in rising it further high ?? lets wait and see coming days price movement will exhibit the investors sentiments
you can also note its third penetration , normally we see major brake out at 3rd attempts so I'm really waiting to see next move
Cheers
Bajaj Electricals Long for Day trade One Can Look for Entering after Price retrace up to 306/307 with Stop of 301 for Target of 328
But its still messy weather the price will really move further High
Have to wait and watch the movement
Cheers
BAJAJ ELECTRICAL SHORT FOR DAY TRADE Its observed that its been in Ranging from 14 March and Price rejection on High is indication of further downside movement , I can consider two possible short trade set up
01) Sell on Rise at or near 318 for Target of 306 With SL 321
02) if Price fails to move up and brakes down the support of 305 the Go for short selling at 305 with SL 308 for Target of 296
This set up is only for day trading
Cheers
Bajaj Electricals Short Term Holding Enter Near 280 With SL of 278, Target 285 , IF brakes 278 then Next Rebound will be 271/272 With SL 268 Target 285/290/316
Short term holding but Make sure weather Price stands at 280 if brakes below 279 then Good to Catch at 271 for Short term Holding
short the stockas we can see that 3 bearish engulfing pattern and stochastic in overbought level price below 8 ema and target till prices do not cross 8 ema
