BAJAJELEC trade ideas
Bajaj Electricals LTD- Crossed crucial Resistances with Volume!!Bajaj Electricals Limited
BAJAJELEC: The stock price had produced the breakout above 390, 412 levels successfully.
Technical parameters look strong.
****TRADINGEDGE TIME-TREND INDICATOR IS BULLISH****
Higher side above 412 may extend to price levels of 444 & 460 in few days.
KEEP AN EYE!! #B+
#tradingedge_academy #SMTA_Institute
H&S Bajaj Electrical Looks entering into bearish zone. H&S #tradecautiously If the level is broken, target 298 isnt too far.
BAJAJELEC - Buy - Swing TradingBuy BAJAJELEC for swing trading, share is at it's resistance if that resistance is break then buy it. Also MACD is showing positive diversion and above the zero line.
SHORT BAJAJ ELECTRICALS WE SEEN HEAD AND SHOULDER PATTERN FORMATION..
AND FABONACCI LEVEL FROM RECENT LOW TO TOP &
price AT 78.6 % RETRECEMENT LEVEL !
SHOT AT CMP 340
TARGET _ 1 = DEMAND ZONE AROUND (311)
STOP LOSS = shoulder HIGH ( 345)
AROUND RISK REWARD
1; 6
- FAITHFULLY
DEVIL ..!
Swing Long BAJAJELEC , entry level- 373. Target 440On MTF price has test the previous swing high at 343, the level which appeared as strong support and close HH. Moreover it breaches the .618 fib level . Let wait for pull back the price near 373 for suitable entry. On DTF volume has also increased to breach the crucial level at 363 appx. SL can be place near 338.7 for a target of 440.
BAJAJ ELECTRICALS 1D NSE (LONG)1) Bullish Crab Pattern ( Harmonic Pattern )
2) Three Day's Gap up Opening
3) Stock trading above 20 EMA
4) RSI showing bullish divergence on Daily chart
5) Stock bounced from Demand zone / Long term support
6) Volume above Average
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6) 1st Target - 369-372
7) 2nd Target - 410-413
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
DON'T MISS BAJAJ ELECTRICALSBAJAJ ELECTRICALS is looking attractive buy at cmp 322, for target of 370 and 400, keep sl at 300.
BUY BAJAJELEC BETWEEN 370 TO 300 SL 185 TGT 700-900 IN 2 TO 3 YRBUY BAJAJELEC BETWEEN 370 TO 300 SL 185 TGT 700-900 IN 2 TO 3 YEARS
LOOKING GOOD FOR UP MOVE FROM CMP-356.....LOOKING GOOD FOR UP MOVE FROM CMP-356
RANGE 356 TO 350
WE WILL SEE 385,400....
Bajaj ElectricalsBajaj Electricals has seen a sharp breakdown since the Budget day as has other consumer durables, however todays move shows a probable V shape short term recovery as it has also come with huge volumes and a recovery from extreme RSI downside as well... tomorrows data may confirm or dispel this pattern..historically, in the daily charts this recovery has been seen a few more times, one can also check the present setup on the keltner channel
BAJAJELEC Swing TradeLevel's mentioned in the chart on can buy on Monday for intraday too if PDH broke
