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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 2022-09-23 View latest technical analysis

10 day averaged volume of Bajaj Elect is 15694

Date Daily Closing Price Open High Low Volume
23 Fri Sep 2022 1072.50 1104.00 1107.60 1068.25 0.266 times
22 Thu Sep 2022 1110.10 1129.95 1129.95 1087.95 0.315 times
21 Wed Sep 2022 1120.25 1143.90 1147.20 1082.00 0.469 times
20 Tue Sep 2022 1131.20 1169.90 1169.90 1127.80 0.295 times
19 Mon Sep 2022 1142.50 1113.30 1170.00 1113.30 6.714 times
16 Fri Sep 2022 1125.15 1194.00 1205.30 1111.00 0.456 times
15 Thu Sep 2022 1179.35 1181.00 1191.75 1173.00 0.143 times
14 Wed Sep 2022 1183.10 1200.00 1208.80 1180.00 0.712 times
13 Tue Sep 2022 1205.95 1200.05 1215.00 1200.05 0.325 times
12 Mon Sep 2022 1203.95 1204.55 1214.35 1200.05 0.228 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 1080.9, for a target of 1136.2 or 1182.27

Share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Target 857.55
Downside Target 875.50
Downside Target 1001.00
Downside Target 1046.00
Downside Target 1068.25
Upside Target 1111.00
Upside Target 1170.00
Upside Target 1215.00
Upside Target 1243.50
Upside Target 1255.00
Upside Target 1265.00

Intraday share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Intraday Target 1037.17
Downside Intraday Target 1001.83
Upside Intraday Target 1138.92
Upside Intraday Target 1205.33
Upside Intraday Target 1103.58

Weekly technical analysis of Bajaj Elect (BajajElect)

Date Weekly Closing Price Open High Low Volume
23 Fri Sep 2022 1072.50 1113.30 1170.00 1068.25 4.324 times
16 Fri Sep 2022 1125.15 1204.55 1215.00 1111.00 0.639 times
09 Fri Sep 2022 1203.70 1232.00 1255.00 1190.10 1.599 times
02 Fri Sep 2022 1220.60 1215.00 1243.50 1195.70 0.394 times
26 Fri Aug 2022 1220.30 1201.20 1265.00 1201.20 0.634 times

Price has moved down 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 Fri Sep 2022 1072.50 1224.80 1255.00 1068.25 0.79 times
30 Tue Aug 2022 1230.25 1135.00 1265.00 1113.80 1.229 times
29 Fri Jul 2022 1132.70 1035.20 1198.40 1001.00 1.556 times
30 Thu Jun 2022 1016.55 1018.80 1046.00 857.55 0.689 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 5, 31, 74 Sell
MACD -21, 1Sell
Stochastics 16Sell
CCI -133Sell
RSI 43Sell
OBV 46219Sell
VWAP 1144Sell
ADL 0Sell
ROC -11Sell
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

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term and selling is picking up 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 1144.34 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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