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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 2023-09-08 View latest technical analysis

10 day averaged volume of Bajaj Elect is 7120

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Sep 2023	1183.20	1182.05	1202.15	1177.00	0.698 times
07 Thu Sep 2023	1191.15	1220.00	1220.00	1183.55	2.094 times
06 Wed Sep 2023	1200.55	1175.05	1222.55	1164.35	0.979 times
05 Tue Sep 2023	1173.05	1180.25	1194.65	1168.70	0.42 times
04 Mon Sep 2023	1180.20	1178.00	1197.95	1174.00	0.875 times
01 Fri Sep 2023	1177.95	1181.00	1195.95	1168.85	1.843 times
31 Thu Aug 2023	1163.45	1144.65	1174.75	1135.80	2.082 times
30 Wed Aug 2023	1137.35	1127.35	1142.25	1122.55	0.628 times
29 Tue Aug 2023	1129.45	1134.00	1141.70	1121.35	0.223 times
28 Mon Aug 2023	1131.60	1125.00	1137.00	1105.95	0.627 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1180.6, but if it comes below 1180.6, then a intra day sell could be more profitable.
If you take a sell trade below 1180.6, then use 1180.6 as stoploss and 1154.3 as target. However if you take a buy trade in stock , then use 1180.6 as stoploss and 1212.2 as target.

Share price targets for Bajaj Elect (BajajElect)

Target Type	Value
Downside Target	1094.45
Downside Target	1131.50
Upside Target	1199.95
Upside Target	1203.45
Upside Target	1222.55
Upside Target	1258.00
Upside Target	1267.30
Upside Target	1272.45
Upside Target	1283.35
Upside Target	1325.90

Intraday share price targets for Bajaj Elect (BajajElect)

Target Type	Value
Downside Intraday Target	1157.52
Downside Intraday Target	1131.83
Upside Intraday Target	1215.72
Upside Intraday Target	1248.23
Upside Intraday Target	1190.03

Weekly technical analysis of Bajaj Elect (BajajElect)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Sep 2023	1183.20	1178.00	1222.55	1164.35	0.937 times
01 Fri Sep 2023	1177.95	1125.00	1195.95	1105.95	1.139 times
25 Fri Aug 2023	1131.00	1135.35	1158.80	1094.45	2.432 times
18 Fri Aug 2023	1134.05	1198.95	1203.45	1131.50	0.689 times
11 Fri Aug 2023	1184.00	1230.50	1267.30	1179.85	1.156 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
08 Fri Sep 2023	1183.20	1181.00	1222.55	1164.35	0.472 times
31 Thu Aug 2023	1163.45	1261.60	1272.45	1094.45	0.95 times
31 Mon Jul 2023	1261.55	1270.05	1325.90	1199.95	0.083 times
30 Fri Jun 2023	1272.60	1154.90	1283.35	1145.20	1.781 times

Scroll below to view daily charts

Price has moved up 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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Bajaj Elect in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.

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 1173.92 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 rising upwards.

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 is giving positive 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.