After correcting almost 20-25% from higher levels Bajaj electricals has shown a good reversal Bullish Candle on 14th October, with 5% stop loss can aim for 10-20% gains in 3 weeks time frame.
Hello Traders,
I would want to see Bajaj Electric to continue upmove and then taking a small pullback would be a buy signal for me.
Thus I would not enter right away if BajajElectric moves upwards.
My trade setup wouldbe as follows:-
Stock: Bajaj Electric, Swing Trade Cash Segment.
Entry: 1277-1288
Target: 1549
SL: 1210
Risk Reward- 3:1
Happy Trading!
#Bajajelec Stock trying to take support at previous support zone around 1215-1220.If sustain we may see upside momentum of 8-10%.
Good risk reward pullback setup
Breaking out earlier resistance and maintain higher level.
Good to buy when it sustained above its high or near 1200 range which is good support.
Targets open
Festive season ahead.
hourly timeframe for a better view on breakout retest pattern. also the stock has bounced from 20 EMA. looks good for the marked targets. red line below is the stoploss
BUY CMP
SL-1315
TGT- 1456
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
