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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 2023-03-16 View latest technical analysis

10 day averaged volume of Bajaj Elect is 4029

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	1075.95	1061.00	1090.50	1058.30	0.196 times
15 Wed Mar 2023	1071.60	1064.00	1081.60	1053.70	0.31 times
14 Tue Mar 2023	1055.75	1063.95	1076.20	1044.05	1.264 times
13 Mon Mar 2023	1067.25	1075.15	1087.55	1055.70	1.222 times
10 Fri Mar 2023	1084.15	1093.90	1098.30	1080.60	0.743 times
09 Thu Mar 2023	1094.95	1101.05	1113.40	1093.55	0.205 times
08 Wed Mar 2023	1100.30	1097.85	1105.70	1089.65	0.898 times
06 Mon Mar 2023	1097.85	1139.05	1155.55	1090.05	3.197 times
03 Fri Mar 2023	1103.15	1099.05	1130.40	1099.05	1.329 times
02 Thu Mar 2023	1105.95	1102.60	1111.45	1100.55	0.231 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1079.5, but if it comes above 1079.5, then a intra day buy could be more profitable.
If you take a sell trade below 1079.5, then use 1079.5 as stoploss and 1053 as target. However if you take a buy trade in stock , then use 1079.5 as stoploss and 1101.49 as target.

Share price targets for Bajaj Elect (BajajElect)

Target Type	Value
Downside Target	1044.05
Upside Target	1130.40
Upside Target	1140.10
Upside Target	1155.55
Upside Target	1179.25
Upside Target	1209.95
Upside Target	1222.55
Upside Target	1240.00

Intraday share price targets for Bajaj Elect (BajajElect)

Target Type	Value
Downside Intraday Target	1049.83
Downside Intraday Target	1023.72
Upside Intraday Target	1096.28
Upside Intraday Target	1116.62
Downside Intraday Target	1070.17

Weekly technical analysis of Bajaj Elect (BajajElect)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	1075.95	1075.15	1090.50	1044.05	0.593 times
10 Fri Mar 2023	1084.15	1139.05	1155.55	1080.60	1.273 times
03 Fri Mar 2023	1103.15	1120.45	1130.40	1082.05	1.428 times
24 Fri Feb 2023	1120.45	1122.40	1140.10	1103.95	0.151 times
17 Fri Feb 2023	1121.35	1209.95	1209.95	1119.45	1.456 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
16 Thu Mar 2023	1075.95	1082.05	1155.55	1044.05	0.246 times
28 Tue Feb 2023	1088.75	1079.55	1209.95	1079.50	2.679 times
31 Tue Jan 2023	1074.30	1210.05	1222.55	1056.65	0.549 times
30 Fri Dec 2022	1215.75	1100.05	1240.00	1086.10	1.196 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)

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 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 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 below 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 BUY signal in short term but buying is losing 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 1087.15 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.