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(BajajElect) Bajaj Elect complete technical analysis [charts+indicators] | Buy/Sell Bajaj Elect | (BajajElect) share price targets

Complete technical analysis of Bajaj Elect (BajajElect) by charts plus indicators, forecast predictions and share price targets for Bajaj Elect (BajajElect)

Showing technical analysis as on 2021-08-23 View latest technical analysis

10 day averaged volume of Bajaj Elect is 8077

Date Daily Closing Price Open High Low Volume
23 Mon Aug 2021 1079.50 1045.00 1103.85 1045.00 3.229 times
20 Fri Aug 2021 1036.85 1038.00 1055.65 1028.30 0.427 times
18 Wed Aug 2021 1038.40 1049.75 1067.95 1036.00 0.348 times
17 Tue Aug 2021 1038.85 1044.90 1061.15 1031.00 0.825 times
16 Mon Aug 2021 1047.90 1053.35 1064.10 1034.70 0.176 times
13 Fri Aug 2021 1053.20 1077.30 1077.30 1048.50 0.886 times
12 Thu Aug 2021 1047.65 1061.40 1081.15 1040.90 1.442 times
11 Wed Aug 2021 1061.40 1092.05 1146.10 1016.15 3.856 times
10 Tue Aug 2021 1100.80 1129.95 1165.10 1092.50 0.446 times
09 Mon Aug 2021 1126.25 1134.00 1146.30 1115.25 0.83 times

Stock of Bajaj Elect (BajajElect) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 1057.3 or till 1005.1. Use a stoploss of 1100.81 and if the stock hits stoploss, then it can shoot up till 1144.33

Share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Target 955.00
Downside Target 1016.15
Upside Target 1103.85
Upside Target 1122.35
Upside Target 1165.10
Upside Target 1188.00
Upside Target 1189.15
Upside Target 1212.00
Upside Target 1224.50

Intraday share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Intraday Target 1048.38
Downside Intraday Target 1017.27
Upside Intraday Target 1107.23
Upside Intraday Target 1134.97
Downside Intraday Target 1076.12

Weekly technical analysis of Bajaj Elect (BajajElect)

Date Weekly Closing Price Open High Low Volume
23 Mon Aug 2021 1079.50 1045.00 1103.85 1045.00 1.817 times
20 Fri Aug 2021 1036.85 1053.35 1067.95 1028.30 0.238 times
13 Fri Aug 2021 1053.20 1134.00 1165.10 1016.15 1.79 times
06 Fri Aug 2021 1136.60 1175.00 1188.00 1122.35 0.415 times
30 Fri Jul 2021 1152.90 1138.95 1189.15 1100.25 1.405 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bajaj Elect (BajajElect)

Date Monthly Closing Price Open High Low Volume
23 Mon Aug 2021 1079.50 1175.00 1188.00 1016.15 0.483 times
30 Fri Jul 2021 1152.90 1038.95 1189.15 1022.05 1.202 times
30 Wed Jun 2021 1027.60 1060.00 1087.30 955.00 0.822 times
31 Mon May 2021 1054.20 1153.00 1212.00 1052.00 1.004 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Bajaj Elect (BajajElect)

Indicator Name Indicator Value Indicator Signal
ADX 21, 19, 4 Buy
MACD -11, -2Sell
Stochastics 24Sell
CCI 18Buy
RSI 57Buy
OBV 19244Sell
VWAP 1066Buy
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Bajaj Elect ( (BajajElect) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bajaj Elect ( (BajajElect) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Bajaj Elect ( (BajajElect) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Bajaj Elect ( (BajajElect) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Bajaj Elect stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Bajaj Elect in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bajaj Elect Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bajaj Elect in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Bajaj Elect is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1066.48 and Bajaj Elect (BajajElect) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Bajaj Elect (BajajElect) stock. Volume based technical analysis of Bajaj Elect (BajajElect) stock is negative.

Bajaj Elect Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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