BAJAJ ELECTBAJAJ ELECT is facing resistance and now seems to be ready for the BO.
Breakout from here may give a good upside move.
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BAJAJELEC trade ideas
BAJAJ ELECTRICALS BULLISH VIEW FROM 425 -450 ONWARDS**Bajaj Electricals Ltd.** is an Indian company that operates in **consumer appliances, lighting, and EPC (Engineering, Procurement, and Construction) services**. It is part of the **Bajaj Group**, a well-known business conglomerate in India.
### **Key Facts About Bajaj Electricals:**
- **Headquarters:** Mumbai, India
- **Founded:** **1938**
- **Chairman:** **Shekhar Bajaj**
- **Revenue:** Over **₹5,000 crore ($600 million) (FY 2023)**
- **Employees:** Over **3,000**
- **Stock Listing:** **NSE & BSE**
### **Business Segments:**
1. **Consumer Products:**
- Home appliances (**fans, coolers, air purifiers, water heaters, etc.**)
- Kitchen appliances (**mixer grinders, microwaves, OTGs, cooktops, etc.**)
- LED lighting (**bulbs, tubes, smart lighting, etc.**)
2. **Lighting Solutions:**
- Street lighting, commercial & industrial LED solutions
- Smart & connected lighting
3. **EPC (Engineering, Procurement & Construction):**
- Power distribution & transmission projects
- Rural electrification
### **Notable Achievements:**
✅ One of **India’s oldest and most trusted** brands in electrical appliances.
✅ Strong **market share in fans, lighting, and kitchen appliances**.
✅ Has executed major **rural electrification & street lighting projects** across India.
✅ Focus on **energy-efficient products & smart home solutions**.
Bajaj Electricals Ltd (BAJAJELEC) Stock Analysis**GlobalTradeHub | Bajaj Electricals Ltd (BAJAJELEC) Stock Analysis**
**Fundamental Analysis:**
Bajaj Electricals, a leading player in consumer durables and lighting, benefits from strong brand value and expanding distribution. Growth in the home appliances sector and government infra projects support revenue. Key risks include rising input costs and competitive pressure from other brands.
**Technical Analysis:**
The stock is facing resistance near ₹1,250. A breakout could push it toward ₹1,350. Strong support is at ₹1,150; a breakdown may lead to ₹1,050. RSI around 58 suggests moderate bullish momentum.
**Key Levels:**
- **Resistance:** ₹1,250 / ₹1,350
- **Support:** ₹1,150 / ₹1,050
**Conclusion:**
Bajaj Electricals has strong fundamentals and brand presence. A breakout above ₹1,250 may trigger further upside, while dips to support zones could offer buying opportunities. ⚡📈
Bajaj Electricals IBZ Bajaj Electricals has approached its institutional buying zone and is rangebound over a long horizon as clearly visible.
position Sizing is recommended...
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, if one does go long, I personally am buying as close to the zone as possible and then will be adding more as positive signs are shown.
Keep It simple
Keep Bajaj Electricals in Radar.Bajaj Electricals has been trading in a sideways pattern for the past 10 months, as shown in the chart. In May, it broke out of this pattern and started moving in a upward trend.
If we zoom in and look at a smaller time frame, we can see that another sideways pattern has formed within the larger pattern.
We have two options: we can wait for the price to break out in multiple time frames, or we can make a smart move by taking a trade when the price retests its support level around 1223.
We can consider waiting for the price to retrace and then take a trade, aiming for a potential gain of 7%. To manage risk, we can place a small stop loss. Why small Stop Loss ? Because trade have all the possibilities to fall further if it breaks it support and can come all the way to its Bigger support level.
If it breaks out in a multi time frame, I will update in trading hour.
BAJAJELECBAJAJELEC:- Wait for the breakout, plan something only after it, almost after 1.5 years the stock will give breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bajaj Electricals Falling Wedge Formation Near SupportNSE:BAJAJELEC
Bajaj electricals falling with a low momentum on low volume.
if it closes above 1150 then enter long.
stop loss below the support of 1115.
here is the daily chart
the break down level is also mentioned on the chart and the weekly support line can be used as a target.
Idea Only for educational purposes.
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Happy Trading!