BAJAJ ELECTRIC BRAKEOUT EXPECTEEDabove is good for long, do your own analysis before taking up trade, this is no a call
BAJAJELEC trade ideas
Bajaj ElectricalFlag Pattern BO Candidate
If the candle breaks the upside trend line then go for a long with a target of 1500-1550.
Breakout in BAJAJELEC NSE:BAJAJELEC
All Details are given in the chart
New Traders Should Learn Chart Patterns and Breakout strategies Used in the
Given Trade Idea.
Holding period will be 1-2 week
Note - This Trade Idea is only for Educational Purpose We are/would not be responsible for Any Profits or loss of yours
So Do your own research too.
Analysis of Bajaj electricalsBased on the triangle pattern we can say that the next resistance will be the black line above the CMP and then there is another Resistance at 1167
bajaj electricshello traders ,we can buy bajaj electrics on cmp
CMP -1153,
RESISTANCE- 1197,
SUPPORT - 1090
TARGET - 1180,1220,1260
TIME FRAME - 7 TO 15 DAYS
BUY - CMP - 70%QTY
AFTER RESISTANCE - 30%QTY
SL - 1120
symmetrical triangle - electrical appliances themeflowing in a symmetrical triangle just at few days before converge of triangle, the right place to give breakout and if willing to retest it has few inches of the top side of triangle failing which our stop loss is ready.
entry - CMP or 1038-1050
target - every previous swing high (8%, 15% , 25%) and new all time high
Stop loss - closing below 1020
BAJAJELECBuy some at the current levels and add more if the stock pull backs to the breakout area.
looking good on higher timeframe.
Symmetrical Triangle Breakout1. Stock has given breakout from Symmetrical Triangle pattern and 20 days of consolidation zone. Which is a bullish sign.
2. Volumes are also supportive, rise in volume during up move and vice versa during down move.
3. MACD has crossed above its 0 line which is bullish signal for short term.
can go long in 2 3 chunks with stop below 1000.
Bajaj Electric- Good to start pyramiding This stock has shown very good strength in recent fall and has done very against other stocks and its index(smallcap). This shows high probability of accumulation going on. Good to start pyramiding
Bajaj Electricals (Exit)Bajaj Electricals is forming a Head and Shoulders pattern, noticeable in the weekly timeframe. Expect price to break the neckline and move about 295 points (Length of the Head) on the downside towards previous Resistance at 688.55 which should act as support (change of polarity).
Bajaj ElectricalsBajaj Electricals - Cmp 984
Looks good for long with sl 912 on closing basis.
Reason:
1. Favorable risk reward as near to major support area.
2. Hidden bullish divergence
BAJAJELECTRICALS - accumulate BAJAJELECTRICALS - trying to move up. A decisive buying session should push it to cross 1100 easily
SIMPLE CHANNEL PATTERN BY BAJAJ ELECTRICALS Bajaj finance up by 5.47% , followed by a simple channel pattern .
Buy Bajaj ElectricalMy idea is for educational purpose.
Buy Bajaj Electrical @ 1140 for short term gain of 10-20%. For long term its multibagger.
