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Stock analysis Bajaj Electricals Limited BAJAJELEC

More indepth analysis on MunafaSutra.com

Moving Averages for Bajaj Electricals Limited

  • 5Day Average: 947.46
  • 12Day Average: 966.08
  • 20Day Average: 951.66
  • 50Day Average: 978.8
  • 100Day Average: 1000.34
  • 150Day Average: 1023.05
  • 200Day Average: 1071.71

BAJAJELEC Indicators & signals

Indicator MACD (12,26,9)

954.92, 961.18, -6.09
Indicator MACD is in negative zone

Indicator ADX (14)

0.56, 17.69, 17.49
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BAJAJELEC Bajaj Electricals Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 944.70 941.10 to 962.35 -0.67% 2.67 times
22 Mon Apr 2024 951.10 945.35 to 954.70 0.43% 0.5 times
19 Fri Apr 2024 947.05 924.00 to 959.90 0.71% 0.5 times
18 Thu Apr 2024 940.35 937.15 to 960.60 -1.44% 0.27 times
16 Tue Apr 2024 954.10 942.55 to 958.45 1.16% 0.26 times
15 Mon Apr 2024 943.15 940.05 to 968.75 -2.11% 2.61 times
12 Fri Apr 2024 963.45 950.00 to 996.95 -3.44% 1.12 times
10 Wed Apr 2024 997.75 982.80 to 1002.80 0.4% 0.46 times
09 Tue Apr 2024 993.80 983.35 to 1000.00 1.06% 0.48 times
08 Mon Apr 2024 983.35 972.40 to 1020.00 -1.23% 1.55 times
05 Fri Apr 2024 995.60 950.05 to 1052.60 1.75% 2.25 times
04 Thu Apr 2024 978.50 966.50 to 983.10 1.38% 0.46 times

Technical analysis forecast for Bajaj Electricals Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Bajaj Electricals Limited BAJAJELEC at this time. Stock is falling and might fall more.

It appears as if Bajaj Electricals Limited BAJAJELEC gave a large move recently.

Stock of Bajaj Electricals Limited (BAJAJELEC) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Bajaj Electricals Limited is bearish for shortterm, and stock might move down till 930.8 or till 898.1. Use a stoploss of 958.03 and if the stock hits stoploss, then it can shoot up till 985.28

More indepth analysis on MunafaSutra.com