This stock was in downtrend after July 2021 because FII & DII are selling there stake also profit booking as stock has given good return more then 100% in a 1 year.
Bajaj Consumer is a very Old company. It is Debt Free. It is one of the best stock in FMCG sector.
Right Now stock trading between 175-180.
In march 2022 ending & April 2022 first week during this period the volume has been increase so may be new buyers are buying this stock.
So There is good chances that within few months this stock can give 20-25% in short term, while in long term this can give return of more then 30-40%.
On daily time frame the stock in trading above 50 EMA, in short term this stock will trade above 200 EMA so there is good chances that this stock can give a good return.
Target Price is mention in chart.
This is just for educational purpose.
Happy Trading :)
Bajaj Consumer is a very Old company. It is Debt Free. It is one of the best stock in FMCG sector.
Right Now stock trading between 175-180.
In march 2022 ending & April 2022 first week during this period the volume has been increase so may be new buyers are buying this stock.
So There is good chances that within few months this stock can give 20-25% in short term, while in long term this can give return of more then 30-40%.
On daily time frame the stock in trading above 50 EMA, in short term this stock will trade above 200 EMA so there is good chances that this stock can give a good return.
Target Price is mention in chart.
This is just for educational purpose.
Happy Trading :)