Date: 03 Feb 2021
Time: 01.25 PM (IST)
Bajaj Consumer (CMP: 238.25)
Stock has made a good base at 200 levels. From rising Wedge pattern stock has formed into a Megaphone pattern. The RSI is finding support at 40 levels from along time. Today company declared good quarterly results. At this backdrop the stock appears to give 20% profit from current levels go till 285 by end of March 2021.
Target: T1-250, T2-265, T3-280
No need to keep SL. Just go long on the stock.
Time: 01.25 PM (IST)
Bajaj Consumer (CMP: 238.25)
Stock has made a good base at 200 levels. From rising Wedge pattern stock has formed into a Megaphone pattern. The RSI is finding support at 40 levels from along time. Today company declared good quarterly results. At this backdrop the stock appears to give 20% profit from current levels go till 285 by end of March 2021.
Target: T1-250, T2-265, T3-280
No need to keep SL. Just go long on the stock.
Trade active:
T1 & T2 done Stay invested.