BAJAJELEC trade ideas
It's an awesome setup. Breakout and 2 time Retest. It's an awesome setup. Breakout and 2 time Retest. Creating a bullish flag / W Pattern having potential of 15%. So much thing in one chart. One more thing it crossed and retested trend line as well.
Bajaj Electricals Breakout today and can continue as average volumes are increasing. Above 9 EMA with perfect RSI. Targets of 525, 540, 560
BAJAJELECPlease refer chart for the levels.
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BAJAJ ELECTRICALS SWING BUYBaj Elect has broken its swing high and resistance, once broken 475 new high can be seen
Bajaj Elec. Buy Positionally for 2-3 months....Its cmp is around 470 Long term Target:- 700 with Sl.:- 330.... Its weekly RSI is also above 60 so mow its time to go long in this
Expecting the stock touch new highStock is looking good to make higher highs. One can see a good volume when stock close in green.
long bajaj electricclosed abve 200ema on both weekly n dailt TF.
gave BO with good volume on daily TF
keep SL 380
tgt 440-460
cmp410
watch for rectangle breakout or breakdownlooks good for both long and short approx levels long - 420 short 410
BajajElectric #Closing 410.40#RasmeetTradingDesk#3BarDeciderBajajElectric #Closing 410.40#RasmeetTradingDesk#3BarDecider
Process Check
Stock Idea : Tradeable (As Its low less than Previous close +Previous close*1%)
Comment: Stock Idea : Not Tradeable (As Its low is more than Previous close +Previous close*1%)
Success : Success (As 1D or 2D or 3D High is more than previous close + Previous close*3%)
Failed : Failed (As 1D or 2D or 3D low is less than previous close - Previous close*5%)
Waiting: Neither above sucess or failed executed , still waiting
Long Swing Trade Idea #31 : Buy BAJAJELEC Buy BAJAJELEC only above 414 with Stop-loss at 384 for first target of 448. Idea is for 20th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid. Reason is Triangle breakout with volume
