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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)

10 day averaged volume of Bajaj Elect is 3456

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 945.50 947.60 960.00 934.90 1.34 times
29 Mon Apr 2024 938.35 945.30 948.20 934.30 0.292 times
26 Fri Apr 2024 937.60 946.75 947.00 935.60 0.804 times
25 Thu Apr 2024 935.45 949.75 949.75 932.85 0.833 times
24 Wed Apr 2024 939.60 950.80 950.85 936.25 0.915 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 935.6 as stoploss in an intra day buy trade for a target of 956.59. However, stock will show a bearish move below 935.6.

Share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Target 890.00
Downside Target 925.40
Upside Target 958.15
Upside Target 992.00
Upside Target 1024.95
Upside Target 1029.95
Upside Target 1034.15
Upside Target 1051.00
Upside Target 1066.55
Upside Target 1081.75

Intraday share price targets for Bajaj Elect (BajajElect)

Target Type Value
Downside Intraday Target 933.2
Downside Intraday Target 920.9
Upside Intraday Target 958.9
Upside Intraday Target 972.3
Upside Intraday Target 946.6

Weekly technical analysis of Bajaj Elect (BajajElect)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 945.50 945.30 960.00 934.30 0.399 times
26 Fri Apr 2024 937.60 950.65 969.95 932.85 0.561 times
19 Fri Apr 2024 945.60 957.00 968.00 925.40 1.084 times
12 Fri Apr 2024 964.45 1029.95 1029.95 958.15 0.602 times
05 Fri Apr 2024 995.50 923.35 1051.00 890.00 1.811 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
30 Tue Apr 2024 945.50 923.35 1051.00 890.00 1.815 times
28 Thu Mar 2024 905.60 1000.05 1024.95 898.85 0.969 times
29 Thu Feb 2024 996.35 1051.85 1081.75 992.00 0.691 times
31 Wed Jan 2024 1046.20 999.95 1066.55 989.00 1.076 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Bajaj Elect (BajajElect)

Indicator Name Indicator Value Indicator Signal
ADX 20, 15, 14 Buy
MACD -17, -17Sell
Stochastics 31None
CCI 29Buy
RSI 41Sell
OBV 37339Sell
VWAP 944Buy
ADL 0Sell
ROC -0Sell
Force Index 0Sell

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 BUY. 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 moving up

CCI has generated a buy signal for Bajaj Elect in short term and BUY 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 944.25 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 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 positive

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

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