BAJAJELEC trade ideas
Bajaj Electrical - Current needed towards ATHBajaj 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.
R-0195 Intraday Buy BAJAJELEC @527.40-529.4 SL 518.4 TGT 549Intraday 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 ElectricalsBajaj 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.
BajajElectrical Breakout to sustain...!!Bajaj Electrical managed a breakout with good volumes. Can go long with below trendline support as SL on daily closing basis.
BAJAJ ELECTRICALSNSE:BAJAJELEC
420 SEEMS TO BE A SUPPORT FROM IT MIGHT REVERSE AND SHOW UPSIDE MOVE, IF NOT IT RETRACE BACK TO 403 AND 390.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
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R-0050 Short term Buy BAJAJELEC @405.00-406.30 SL 392 TGT 430Short Term Cash Buy BAJAJELEC @405.00-406.30 SL 392 TGT 430 good volume with all buy signals followed by cloud break out
BAJAJ ELECTRICAL LONGBAJAJ ELECTRICAL LONG
Bullish pattern Can enter long At D point
Only for education purpose.
BAJAJELEC shows strength at 528Market bottomed out at 415, price retested that area again however buyers were keen to step in from 423. From a multi month pivot perspective from 8/Mar onwards there was a range extension to the upside. It is shown as a rectangle in the chart. Market rallied up and broke the LH/LL sequence in weekly.
Market tried to retest 498 from the recent highs however recent price action confirms that bulls are showing interest at 528 to take the market up. If price breaks 562 then further upside is a possibility.
So there are two options now -
1. Take an entry today with stop at 528. A slanting line as shown in purple can be used as a guide. If it gets breached I want to stay out of this market. Because if the upper part of the green box gets rejected or gives a failed break out then price can retest red box.
2. Take an entry after green box gets breached to the upside and market shows strength above it.
Thanks @aaradhya4 for the heads up. Note- I don't trade stocks.
BAJAJ ELECTRICALS - LONG AccumulationBAJAJ Electricals, is under going good process of Wyckoff's accumulation & re-accumulation phase.
1) The stock trapped sellers on a down move, and regained from the bottom
2) When it was falling, an immediate support from the buyers, known as stopping volume (A Volume which stops the bear trend) came under play. You can clearly see that it helped BAJAJ ELECTRICALS to form a higher highs.
3) It is a known fact that after professional buying a stock has to undergo accumulation. So it was on accumulation phase
4) To know the volume of accumulation check the Volume profile.
5) After a mark up move, we did not smart money involvement in down move. as marked by the white curve. This is possibly that they absorbed all the supply on the whipsaw came on 23rd and 24th July.
So according to me the stock is set to move up. We can test the accumulation zone once.
Very Long Term Positional Buy can be done, with a stop loss of 520. I don't think stop loss is needed since it is investment.
