Bajel Projects Ltd

Stage 3 · Topping · week 8

As of 16 Oct 2026, Bajel Projects is in Stage 3 — topping, where an uptrend loses steam, in week 8 (since 20 Aug 2026). It closed at ₹168, 19.2% below its 52-week high and below its 200-day average, which is falling. In Industrials, 26.3% of stocks are in Stage 2.

Bajel Projects Limited engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally. More about the company

₹167.8
+6.79% today
₹1,941 Cr · Small cap
Market Neutral — FadingIndustrials 26.3% in Stage 2-1.5 pts / 20dConstruction & Engineering 16.1%+0.2 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

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Is BAJEL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-19.2%
₹137.3 lo₹207.6 hi
19.2% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 8
1w13w26w
Week 8 — distribution, avoid new longs
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-4.1%
200 DMA: ₹174.9 · sloping down
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
2.03x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -5.5% vs MA50 -3.3%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-0.8%
3M
-5.5%
6M
-6.1%
YTD
-2.2%
1Y
-15.8%
Sector
Industrials
↓ Peaking
Stage 2%
26.3%
20d Δ
-1.5pp
1M return
-0.9%
3M return
-2.4%
Sector Stage-2 % · last 20 days
Sector has 129 Stage 2 leaders. See Industrials Stage 2 →
Industry
Construction & Engineering
→ Flat
Stage 2%
16.1%
20d Δ
+0.2pp
1M return
-3.6%
3M return
-7.5%
Industry Stage-2 % · last 20 days
Industry has 14 Stage 2 leaders. See Construction & Engineering Stage 2 →
Stage Cycle Timeline2023-12-19 → 2026-10-16
S? 42w
S4 23w
S4 27w
2023-12-192026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S? 42w → S3 7w → S4 1w → S3 1w → S4 23w → S1 8w → S2 7w → S3 6w → S4 27w → S1 7w → S2 10w → S3 8w current
Total tracked: 148 weeks across 12 stage runs.
Scan Membership
Prop Scan
Latest: 2026-07-13
Breakout Watch
Latest: 2026-06-12
18 appearances in last 60 days. First seen: 2025-07-18.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S3
Wk 8 · Vol 2.03x
2026-10-15S3
Wk 8 · Vol 0.50x
2026-10-14S3
Wk 8 · Vol 0.49x
2026-10-13S3
Wk 8 · Vol 0.66x
2026-10-12S3
Wk 8 · Vol 3.78x
2026-10-09S3
Wk 7 · Vol 0.42x
2026-10-08S3
Wk 7 · Vol 0.97x
2026-10-07S3
Wk 7 · Vol 0.28x
2026-10-06S3
Wk 7 · Vol 0.55x
2026-10-05S3
Wk 7 · Vol 0.33x
2026-10-01S3
Wk 6 · Vol 0.56x
2026-09-30S3
Wk 6 · Vol 0.73x
Sector Peers — Stage 2All →
BHAGYANGR
wk 25 · 0.0% from hi
9.8
LOKESHMACH
wk 28 · -8.0% from hi
8.9
SHIVAUM
wk 28 · 0.0% from hi
8.4
SHREEJISPG
wk 17 · 0.0% from hi
8.4
ROSSTECH
wk 31 · -6.1% from hi
8.2
Moving averages & range
50 DMA
₹177.7
200 DMA
₹174.9
52W High
₹207.6
52W Low
₹137.3
5D Low
₹156.3
Resistance levels (recent highs)
20d High
₹174.1
60d High
₹194.5
120d High
₹207.6
250d High
₹207.6
Next resistance
+3.8%
to 20d High
Ask the Market AI about BAJELAsk →
P/E (TTM)
194.0
Forward 21.2
About this companyIndustrials· Construction & Engineering

Bajel Projects Limited engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally. The company offers turnkey solutions, including engineering, designing, testing, manufacturing, executing, and commissioning of EHV transmission lines; and constructs new infrastructure, as well as the augmentation of existing infrastructure for various power distribution companies and agencies. It also engages in rural/urban electrification; primary distribution substation; and underground cabling activities. In addition, the company designs, manufactures, supplies, and installs monopoles; designs and manufactures a range of transmission, distribution poles, including single poles, twin poles, and special structures, such as cable termination poles, three poles, or quad structures; and tubular substation structures. Further, it provides lattice structure, steel tubular poles, lighting poles and masts; and galvanizing services. Bajel Projects Limited was incorporated in 2022 and is based in Mumbai, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.