BAJAJELEC trade ideas
Simple Positional Long/Buy Trade Setup | BAJAJ ELECTRIC | NSE:BAJAJELEC
This is only for positional trade. Short - mid term.
1) On daily time frame, we can see it sustain and took support from 200DMA.
Also closed above major support zone of 1075-1100 level range.
Please refer below chart : 1day Time Frame.
Keep your positional Trade with strict SL.
Bajaj Electric: Recovering after 20 days of continuous pullback.Hello Traders,
I would want to see Bajaj Electric to continue upmove and then taking a small pullback would be a buy signal for me.
Thus I would not enter right away if BajajElectric moves upwards.
My trade setup wouldbe as follows:-
Stock: Bajaj Electric, Swing Trade Cash Segment.
Entry: 1277-1288
Target: 1549
SL: 1210
Risk Reward- 3:1
Happy Trading!