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
BajajElectrical Descending triangle in daily time frame
BAJAJ ELECTRICAL LONG Bullish pattern Can enter long At D point Only for education purpose.
Market 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...
BAJAJ 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...