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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 2022-05-16 View latest technical analysis

10 day averaged volume of Bajaj Elect is 9454

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 913.60 914.95 926.00 905.80 0.338 times
13 Fri May 2022 909.65 940.00 940.50 895.00 0.607 times
12 Thu May 2022 917.30 911.85 936.15 875.50 2.134 times
11 Wed May 2022 928.50 982.95 982.95 913.10 1.444 times
10 Tue May 2022 979.10 1002.05 1027.85 970.80 0.62 times
09 Mon May 2022 1010.55 1071.90 1105.00 1000.10 1.944 times
06 Fri May 2022 1093.85 1086.15 1099.80 1069.25 0.32 times
05 Thu May 2022 1096.75 1097.10 1112.60 1094.60 0.277 times
04 Wed May 2022 1097.10 1095.00 1115.50 1095.00 1.154 times
02 Mon May 2022 1096.60 1106.95 1124.05 1084.05 0.965 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 888.8, for a target of 976 or 1048.7

Share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Target 875.50
Downside Target 905.80
Upside Target 926.00
Upside Target 992.15
Upside Target 1031.00
Upside Target 1061.40
Upside Target 1105.00
Upside Target 1124.05
Upside Target 1145.45
Upside Target 1153.45
Upside Target 1165.40
Upside Target 1254.75
Upside Target 1316.95

Intraday share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Intraday Target 904.27
Downside Intraday Target 894.93
Upside Intraday Target 924.47
Upside Intraday Target 935.33
Upside Intraday Target 915.13

Weekly technical analysis of Bajaj Elect (BajajElect)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 913.60 914.95 926.00 905.80 0.05 times
13 Fri May 2022 909.65 1071.90 1105.00 875.50 2.485 times
06 Fri May 2022 1093.85 1106.95 1124.05 1069.25 1.252 times
29 Fri Apr 2022 1098.20 1090.00 1121.00 1072.35 0.043 times
22 Fri Apr 2022 1090.10 1145.00 1145.45 1061.40 10.025 times

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

Monthly technical analysis of Bajaj Elect (BajajElect)

Date Monthly Closing Price Open High Low Volume
16 Mon May 2022 913.60 1106.95 1124.05 875.50 0.149 times
29 Fri Apr 2022 1098.20 1079.00 1153.45 1061.40 2.572 times
31 Thu Mar 2022 1075.00 1122.15 1165.40 992.15 1.062 times
28 Mon Feb 2022 1146.15 1213.00 1254.75 1031.00 0.764 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 7, 39, 68 Sell
MACD -77, -49Sell
Stochastics 15Sell
CCI -84Buy
RSI 42Sell
OBV 344099Sell
VWAP 990Sell
ADL 0Sell
ROC -17Sell
Force Index 0Sell

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

ADX buy sell signal for Bajaj Elect stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 990.41 and Bajaj Elect (BajajElect) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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

Click here for Bajaj Elect charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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