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BAJAJ ELECTRIC – TECHNICAL CHART

BAJAJELEC

buy BAJAJELEC above 221 sl 212 target 235-247

technical study

stock has taken support on trendline with the “SYMMETRIC TRIANGLE” formation on chart.

at recent bottom it has given a bullish engulfing” candle and today able to close above the patterns high level with green close.

also given a “TWIZZER BOTTOM” candle in last two session.

so moving above today high will given movement in stock will also give momentum to rsi.

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