bajaj electrical weekly tf given a mutliyear breakout and has formed a triangle pattern on the support line. breakout at 1155.
BAJAJELEC trade ideas
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalBAJAJ ELECTRICALS
Stock after retesting its previous strong support zone of 1020
Now giving 8 Months old trendline Break Out & now retesting BO levels
Buy above 1155/1160 levels with SL of 1100
For Swing targets of 1200/1240 to upto 1300 levels.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Given trendline breakoutThe stock has given a trendline breakout and closed above all EMA. Buy above 1155 level for both intraday and swing. Carry swing on closing basis for short term targets 1200 and 1240. Mid term target 1310.
Learn & earn,
Dr. Tanya Kumar
BAJAJELEC | Trendline breakout - Looks potential for 10-15%BAJAJELEC | Trendline breakout - Looks potential for 10-15%
CMP : 1140 (Dip : 1100)
SL : 1070
Target : 1240, 1320
1:2 risk reward setup for first target
#Bajajelectrical cash : Looks good above 1150.10#Bajajelectricals cash -Positional call
11 April 2022
Looks good above 1150.10
and dips 1120-1130
stoploss 1100
Target 1240/1340/1500
Cmp 1141.30
Bajaj Elec possible 20 percent.please check-------------------------------------------------------------------------------possible 20 percent upside
Bajaj Electricals will it bounce ?Bajaj Electricals at 200 EMA taken support for last two days, let us see will it reverse to the target of 2000.....
<BAJAJELEC> Bounce from over sold levelsPositional Buy :
Company : BAJAJELEC-EQ
Entry Price : 1089.6
Stoploss : 980.60
Target 1 : 1198.50
Target 2 : 1253.00
Elliott Wave Analysis: NSE BAJAJELECTRICALSNSE:BAJAJELEC
Bajaj Electricals Ltd (BSE: 500031) is an Indian consumer electrical equipment manufacturing company based in Mumbai, Maharashtra. It is a part of the ₹380 billion (US$5.0 billion) Bajaj Group. It has diversified with interests in lighting, luminaries, appliances, fans, LPG based generators, engineering and projects.
Its main domains are lighting, consumer durable, engineering and projects. Lighting includes lamps, tubes and luminaire. Consumer durable include appliances and fans. Engineering and projects include transmission line towers, telecommunications towers, high-mast, poles and special projects, and others include die casting, wind energy & solar energy. Some notable projects include lighting works at the Commonwealth Games stadium and the Bandra Worli Sea Link.It has 19 branch offices spread in different parts of the country with a chain of about 1000 distributors, 4000 authorized dealers, over 400,000 retail outlets and over 282 Customer Care centers.
Bajaj electric Bullish structureBAJAJELEC been trading in a zone market with blue lines once it breaks that can expect a big move.
SL is yellow arrow but it need to confirm breakdown. chances of breakdown are low but it may test breakout level and bounce back so trade carefully dont get trapped.
target will be 1:1.5 or 1:2
BAJAJELEC - low risk setup with 1250 SL closing basisBAJAJELEC volume and price action suggesting up move here with 1250 closing basis SL.
Bajaj electric Not a call just a potential chart, buy bajaj electric for a target of 1350.
Trade at your own risk
Bajajelec LongBajajelec Long
Above average volumes
RSI-72
Buy at CMP- 1348
SL- 1250
Target- 1490, 1524
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Bajaj electric breakout tradeBajaj electric is forming a bullish pennant pattern. Can give a breakout in daily timeframe.
Pullback with good volumeStock moved strongly above moving average confluence.
Above 20,50, 200DMA
Good volume
Relative strength +ve against Nifty50
BAJAJ ELECTRICALS BUY SIGNALBajaj 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 result in sept quarter compare to last few quarter so fundamentals is inline, latest guidance given by co officials is also positive and that result will be seen in near future
BUY BAJAJ ELECTRICALS cmp @1124.70
Target 1250-1450 ( 2-3 month )
Stop loss 950
Support -S , Resistance - R mention on chart.
please make own study and take a call ...hope this idea useful and profitable to your analysis .
HAPPY TRADING.!!
BAJAJ ELECTRICALS MINIMUM FOR 1200TRADE 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.
Bajaj ElectricalGood movement in December seen, can go further upwards if the local resistance level is crossed. Winter is here and room heater/geysers sales will increase
Bajaj Electricals - May soon reverseKey Highlights:
1. Bounced off from the previous support level.
2. Sellers unable to push the price below the psychological level of 1000.
3. Some increase in volume.
4. Continuous Bullish divergence.
5. Look for pullbacks on lower time frames and enter accordingly.
6. Good movement expected on closing above 1100.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
BAJAJELEC :: LONG SetupBuy Zone :: below 1080
and/or above 1130 (price should sustain / retrace this 1130+ level)
StopLoss :: 1010
Use the Resistance Zones (Red boxes) as targets
Reasons for increased probability::
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-- increase in volumes below 1150 levels.
-- Price brokeout the bearish resistance Trendline and good Demand Wicks seen last few sessions.
-- Bearish momentum broke out in RSI as well
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Caution : Prefer allocating <10% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
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