stock in uptrend in daily time frame taking support with 200 moving average
Good uptrend on baj electric upside target 1300 coming.
bajaj electronic formed a SymmetricalTriangle pattern for intraday or BTST levels given in chart..... Red lines are Targets.....trading on ur own RISK And Rewards.
Logically the volume is low and the stock should correct, but this has broken Darvas Box and may further move up. Overall trend is positive so take counter trade very cautiuosly. Better stay with trend
Bajaj Elec - Need a jump start for a push towards ATH. A close above 610 looks good to go. Let us see. On the Radar. DISC: Not a SEBI Registered. I post charts for my own study.
TO FOR MULTIYEAR BREAKOUT THESE RED LINES REPRESENT FIBO LINES
Intraday Cash Buy BAJAJELEC @527.40-529.4 SL 518.4 TGT 549 Crosses VWAP and above second resistance 490 so the next resistance is 560 so expert to move upside in the range 550-560
Bajaj Electricals. Broke out with volume followed by a bigger volume on second day. Now stock retraced back to 9day EMA with reducing volume and had a green candle on Friday. Since the height of triangle for hit and retraced now the target cab be 520 levels (466 - 378 = 88) 480 + 70 = 550 Pivot at 527 which could be the target for this proposed move.
Bajaj Electrical managed a breakout with good volumes. Can go long with below trendline support as SL on daily closing basis.
NSE:BAJAJELEC 420 SEEMS TO BE A SUPPORT FROM IT MIGHT REVERSE AND SHOW UPSIDE MOVE, IF NOT IT RETRACE BACK TO 403 AND 390. ****************************************************************************************************************************************************************** Hi all, Its pleasure to have you all here. I have started putting these...
Short Term Cash Buy BAJAJELEC @405.00-406.30 SL 392 TGT 430 good volume with all buy signals followed by cloud break out