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BAJAJ ELECT.LTD

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BAJAJELEC trade ideas

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. ****************************************************************************************************************************************************************** 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. 6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts. ***********************************************************************************************************************************************
NSE:BAJAJELEC
by akkshay11
1
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.
NSE:BAJAJELECLong
by mindzap
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.
NSE:BAJAJELECLong
by HariprasathGopal