Stock of the Day – Bajaj Electricals

Bajaj Electricals made a high of 148 in the year 2008 before it plummeted down to sub-30 levels when markets crashed in 2008 / 09. The next top was made in 2011 at 347, a move of 134% above the 2008 high. But since 2011 it reacted a bit and then from 2012 onward it has more or less got stuck in a range. 

The stock is once again at the cusp of a breakout of this range and seeing the kind of momentum this stock has shown in the past, it would not be surprising if it manages to regain its 2011 high in double quick time

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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