Shravster

Bajaj Consumer Trading Idea

Long
NSE:BAJAJCON   BAJAJ CONSUMER

Breakout from ascending triangle . About 7x volumes on breakout. Stock has had good delivery volumes as well.
Enter above 200
T1 : 218.5
T2 : 238
SL : 185
Not a very exciting risk-reward ratio but given the clear breakout with good delivery volumes as well as a moving average golden cross, I believe it is a good trade.

Thanks!

Comments

stock retested the key level BUY alert !!! ....i'm looking to buy any suggestion ??? any one ???
Reply
Shravster tradethetip
@tradethetip, Ideally it should be a good idea to buy. Nifty FMCG has touched a 52 week high as well.

P.S. This is only for educational purposes.
Reply
tradethetip Shravster
@Shravster, yup 🙂👌
Reply
should we wait for retest ?
Reply
Shravster SidAhad
@SidAhad, Waiting for the retest is definitely the safer option as it considerably increases your risk-reward ratio, as the stock is likely to open higher that the latest close. However, you should also be prepared for the fact that the stock may just take off without retesting. In that case the only option would be buying at the dips.
Hope this helps!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out