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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 2022-05-23 View latest technical analysis

10 day averaged volume of Bajaj Elect is 13024

Date Daily Closing Price Open High Low Volume
23 Mon May 2022 944.10 960.00 962.05 930.00 0.526 times
20 Fri May 2022 949.40 935.05 957.75 935.05 0.298 times
19 Thu May 2022 935.55 994.50 994.50 930.00 0.27 times
18 Wed May 2022 957.65 988.85 988.85 946.45 0.93 times
17 Tue May 2022 997.85 926.00 1049.95 920.00 3.357 times
16 Mon May 2022 913.60 914.95 926.00 905.80 0.245 times
13 Fri May 2022 909.65 940.00 940.50 895.00 0.441 times
12 Thu May 2022 917.30 911.85 936.15 875.50 1.549 times
11 Wed May 2022 928.50 982.95 982.95 913.10 1.049 times
10 Tue May 2022 979.10 1002.05 1027.85 970.80 0.45 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 938.5 as stoploss in an intra day buy trade for a target of 1014.31. However, stock will show a bearish move below 938.5.

Share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Target 875.50
Downside Target 905.80
Downside Target 930.00
Upside Target 962.05
Upside Target 992.15
Upside Target 1031.00
Upside Target 1105.00
Upside Target 1124.05
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 928.72
Downside Intraday Target 913.33
Upside Intraday Target 960.77
Upside Intraday Target 977.43
Upside Intraday Target 945.38

Weekly technical analysis of Bajaj Elect (BajajElect)

Date Weekly Closing Price Open High Low Volume
23 Mon May 2022 944.10 960.00 962.05 930.00 0.103 times
20 Fri May 2022 949.40 914.95 1049.95 905.80 1.041 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

Price has moved down 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
23 Mon May 2022 944.10 1106.95 1124.05 875.50 0.262 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 21, 24, 8 Sell
MACD -72, -67Sell
Stochastics 33None
CCI -6Sell
RSI 50Buy
OBV -46633Sell
VWAP 958Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Bajaj Elect ( (BajajElect) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Bajaj Elect ( (BajajElect) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Bajaj Elect in short term and SELL 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 958.09 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

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Daily charts

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Daily chart

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