the chart analysis shows the long consolidation on wave 4 is complete and can go to complete the impulse cycle . confirmations would be as the price crosses the averages and breaks the upside prices in the coming weeks
NSE:BAJAJELEC is trading in sideway. It may break the resistance and go uptrend in future.
***Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.***
It forming inverse bullish pattern buy for 1200+ Target 🎯🎯 in near term .it is sector specific stock .here is rally pending for ATH as nifty is Moving towards 22000 and it is next sector that is outperform in coming quarter.
Bajaj Electricals is the part of India’s leading business conglomerate the Bajaj Group. The company portfolio spans consumer products, lightning and EPC. The company has an expansive network of 18 branch offices, 600+ distributors, and more than 2.3 lakh retail outlets across India. Bajaj Electricals CMP is 1177.60.
The Negative aspects of the company are high...
NSE:BAJAJELEC
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
NSE: BAJAJELEC is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
if bajaj electric break 4 hr red candle high then buy it for swing trading , otherwise leave it buy stay focused when it break out it gives you 14 16 % in just 1 month ... same triengle it formed on previous year and breakout ...
if bajaj electric break 4 hr red candle high then buy it for swing trading , otherwise leave it buy stay focused when it break out it gives you 14 16 % in just 1 month ... same triengle it formed on previous year and breakout ...
NSE:BAJAJELEC
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
NSE:BAJAJELEC
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and...
The price has closed below its consolidation phase and has closed below 9, 20, and 50 EMA mark.
Also it is nearing the lower band.
The price has good possibilities of falling down to the levels of 1141
Read and Understand the chart well
Bajajelec has formed three patterns on chart; Cup n Handle, pole n flag & Bullish flag pennant.
Unfortunately it dint breakout of any of these patterns, so cannot be recommended to buy now.
But if breaks above 1320 then its a breakout in all these pattern & then it could be bought with stop-loss of 1275 & technically targets are unbelievable as per patterns...
