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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 2023-09-18 View latest technical analysis

10 day averaged volume of Bajaj Elect is 8871

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Sep 2023	1119.55	1090.90	1130.00	1080.80	0.164 times
15 Fri Sep 2023	1112.40	1107.95	1139.95	1080.90	0.515 times
14 Thu Sep 2023	1090.90	1039.00	1090.90	1038.00	0.784 times
13 Wed Sep 2023	1157.25	1135.05	1159.80	1133.90	1.078 times
12 Tue Sep 2023	1132.60	1170.55	1182.00	994.00	3.092 times
11 Mon Sep 2023	1170.45	1185.00	1196.20	1161.80	0.464 times
08 Fri Sep 2023	1183.20	1182.05	1202.15	1177.00	0.56 times
07 Thu Sep 2023	1191.15	1220.00	1220.00	1183.55	1.681 times
06 Wed Sep 2023	1200.55	1175.05	1222.55	1164.35	0.785 times
05 Tue Sep 2023	1173.05	1180.25	1194.65	1168.70	0.337 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1119.9, but if it comes above 1119.9, then a intra day buy could be more profitable.
If you take a sell trade below 1119.9, then use 1119.9 as stoploss and 1085.1 as target. However if you take a buy trade in stock , then use 1119.9 as stoploss and 1148.86 as target.

Share price targets for Bajaj Elect (BajajElect)

Target Type	Value
Downside Target	994.00
Downside Target	1080.80
Upside Target	1130.00
Upside Target	1195.95
Upside Target	1196.20
Upside Target	1199.95
Upside Target	1222.55
Upside Target	1258.00
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	1090.23
Downside Intraday Target	1060.92
Upside Intraday Target	1139.43
Upside Intraday Target	1159.32
Downside Intraday Target	1110.12

Weekly technical analysis of Bajaj Elect (BajajElect)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Sep 2023	1119.55	1090.90	1130.00	1080.80	0.028 times
15 Fri Sep 2023	1112.40	1185.00	1196.20	994.00	1.46 times
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

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
18 Mon Sep 2023	1119.55	1181.00	1222.55	994.00	0.992 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 getting stronger in this stock.

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 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 positive zone. This is a BUY 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 1152.97 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.