Weekly Bajaj electrical Long consolidated Huge consolidation.
Big pole and flag at monthly chart.
Good holding by institutions.
Can accumulate more at 850.
Medium term investment opportunity
BAJAJELEC trade ideas
Bajaj Electricals looks electrifying for the long termBajaj Electricals Limited was incorporated in July, 1938. The Company is engaged in business of consumer products (appliances, fans, lighting), EPC (illumination, power transmission and power distribution) and exports. Powered by a Pan-India presence and a market leading position in the industry, the Company functions through 20 branch offices which are duly supported by a chain of approximately over 700 distributors, 2.20 lakhs retail outlets and over 600 consumer care centres. The company has also a strong foothold in power transmission and distribution business.
Bajaj Electricals Limited CMP is 1003.90. The positive aspects of the company are Mutual Funds Increased Shareholding in Past Month, Dividend yield greater than sector dividend yield and Company with No Debt. The Negative aspects of the company are High PE (PE=94.8), Low durability companies, Declining profits every quarter for the past 2 quarters.
Entry can be taken after closing above 1022. Targets in the stock will be 1053, 1084, 1111 AND 1146. The long-term target in the stock will be 1189, 1274 and 1357. Stop loss in the stock should be maintained at Closing below 933 or 891 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
bajaj electrical pullback??bajaj electrical pullback?
Target around 1100
SL if it breaks support line
Educational purpose only and not buy sell recommendation
BAJAJ ELECTRICALS S/R for 5/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
BAJAJ ELECTRICALS S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Bajajelectricalthe 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
Sideway in 1 hour timeframe #BAJAJELECNSE: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.***
LongIt 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.
Caution AheadForming Reverse Cup an handle on weekly chart.
Watch for channel breakout. IF in tomorrow closing close above channel then this view is not valid.
Bajaj Electricals=> Bajaj Electrical Harmonic pattern
=>Using fib from C to D, 0.382 first target ,0.5 second target
Bajaj Electricals Buzzing AgainBajaj 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 valuation (P.E. = 64.4), declining cash from operations annual, FIIs are decreasing stake and MFs are decreasing stake. The Positive aspects of the company are improving annual net profits and no debt.
Entry after closing above 1206. Targets in the stock will be 1274 and 1329. Long term targets in the stock will be 1382 and 1400+. Stop loss in the stock should be maintained at closing below 1037.
Disclaimer: I am a NISM certified Research Analyst but have not registered for SEBI authorization. The purpose of sharing the views is purely educational in nature for paper trading only and for analysis. We will not be responsible for any profit or loss of any individual or institution which takes position based on our analysis.
BAJAJELECNSE: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 loss, Shared for Educational purpose
BAJAJELEC bearish viewbajajelec upcoming destination 1000-1040 with upside capped 1250-1285 in dcb. views negated closing above 1300 dcb twice.
BAJAJELEC - Bullish ConsolidationNSE: 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 deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BAJAJ ELECTRICALS
Target and stoploss marked in chart
Market Cap
₹ 13,857 Cr.
Current Price
₹ 1,204
High / Low
₹ 1,284 / 920
Stock P/E
60.1
Book Value
₹ 170
Dividend Yield
0.33 %
ROCE
18.7 %
ROE
12.3 %
Face Value
₹ 2.00
Promoter holding
62.9 %
EPS last year
₹ 20.0
EPS latest quarter
₹ 5.10
Debt
₹ 101 Cr.
Pledged percentage
2.55 %
Net CF
₹ 222 Cr.
Price to Cash Flow
30.8
Free Cash Flow
₹ 375 Cr.
Debt to equity
0.05
OPM last year
6.60 %
OPM 5Year
5.46 %
Reserves
₹ 1,938 Cr.
Price to book value
7.06
Int Coverage
7.66
PEG Ratio
4.18
#BAJAJELEC #BAJAJHCARE #BAJFINANCE #BAJAJHIND #BAJAJFINSV #BAJAJ#BAJAJELEC
NSE: BAJAJELEC
CMP: 1191
TP: 1500
SL: 1055
TF: <6m
RR > ~2 times
Return > 25%
BAJAJELEC BAJAJHCARE BAJFINANCE BAJAJHIND BAJAJFINSV BAJAJHLDNG BAJAJ_AUTO BAJAJCON
HAVELLS
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
bajaj elictricif 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 ...
bajaj elictricif 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 ...
BAJAJ ELECNSE: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!
BAJAJELECNSE: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 consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Bajaj Electricals a possible downtrendThe 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
BAJAJELECBajajelec 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 which is 1600+
