BAJAJELEC trade ideas
Bajaj Electricals - Intra and Swing TradeStock has moved up after making double bottom and has broken the resistance zone to make new ATH.
There are 2 possible scenarios mentioned in the chart for stock's future journey. Kindly wait for right levels before taking any trade.
Intra - Buy if sustains above 1167 for 5-10 mins
Swing - Need to wait for 15-30 min candle close above 1167
BAJAJ ElectricNSE:BAJAJELEC Levels are Mentioned in the chart... Look for Swing...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
Bajaj Electricals CMP: 1139Very strong chart structure on Weekly and Monthly. It has given multiple pattern breakouts on the daily and weekly chart. All oscillators are indicating a continuation of bullishness. We can expect a Rounding bottom target of 1185, 1270 in the near term. Also, expect a Flag pattern target of 1500 in the mid-term.
BAJAJ ELECNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading