Bajaj Electricals - weekly - cmp 1198Weekly Triangle breakout + retest. (Positional/swing trade)
Trade idea 1: Buy above a weekly closing of 1240.
Targets 1315-1380-1440-1500-1560
SL - weekly closing below 1100.
Trade idea 2:
Buy now around 1190 with a
weekly closing of 1100 as your SL
Targets 1240-1314-1380-1440-1500-1560
Always trail your profitable trades using trailing SL
This is just a view.
BAJAJELEC trade ideas
pattern trade in bajaj electricalPatterns are the distinctive formations created by the movements of security prices on a chart and are the foundation of technical analysis. A pattern is identified by a line connecting common price points, such as closing prices or highs or lows, during a specific period.
BAJAJ ELECTRICALS||14-12-2022||SWING AND SHORT TERMI 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 line
**cmp:1148
In this chart, I can see good breakout of descending pattern
The Resistance Line was breached with very good candle.
keep following We will grow like healthy society.
Ascending triangle BreakoutThis post is only for knowledge purpose. Kindly do your own analysis before taking any trade.
Bajaj Electricals gave a strong breakout with good volume.
Let it retest then only one can take long position using Bullish Candlestick.
Stoploss: 1130
Target: 1350
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Buy Today, Sell Tomorrow: BAJAJELECDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in BAJAJELEC
Buy Today, Sell Tomorrow: BAJAJELEC
BAJAJ ELECTRIC - Falling Wedge + Bull pennant breakout - SwingThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Symmetric Triangle BO Bajaj Electric As we can see, Bajaj Electric has sustain above the support zone for a long period. It has given the Break out from the Symmetric Triangle and reached to next supply zone.
At where it is consolidating with low volume. As we can see in chart last two candles, bears are trying to take stock down but bulls have upper hand.
Inverted Flag Pattern-Bearish Flag Pattern20.4.22
Inverted Flag Pattern-Bearish Flag Pattern:
.Bajaj Elec.
CMP 1075
Bearish Breakout happened on 1090.00
Target 1/2/3 1000/926/870
SL if Closes above 1150
One of the best patterns to look for in technical trading is either a bull or bear flag. This is one of the first patterns we learn and is considered the most reliable