Bajaj Consumer Care Ltd. is an interesting chart with following
1. RSI on Daily and Weekly Above 60
2. Narrowing Bollinger Bands on weekly charts
3. Multiple Moving Average Supports as under:
Daily 20 SMA at 220 Daily 50 EMA at 222
Weekly 20 SMA 224 Weekly 50 EMA 212
Monthly 50 EMA at 218.50
4. Big Green Candle on weekly chart with huge volume candle
5. 20 SMA crossed above 50 SMA from below
6. Stock outperforming sectoral index in both 1 week and 3 months
7. High Sales Growth with Highest Annual sales in last 10 years.
8. ABCD Pattern under formation on weekly chart.
Can be a good risk reward with buy on dips and dips with major support near multiple Moving average supports i.e. 210 - 224 zone and a target towards 280- 300-328 respectively
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on Daily and Weekly Above 60
2. Narrowing Bollinger Bands on weekly charts
3. Multiple Moving Average Supports as under:
Daily 20 SMA at 220 Daily 50 EMA at 222
Weekly 20 SMA 224 Weekly 50 EMA 212
Monthly 50 EMA at 218.50
4. Big Green Candle on weekly chart with huge volume candle
5. 20 SMA crossed above 50 SMA from below
6. Stock outperforming sectoral index in both 1 week and 3 months
7. High Sales Growth with Highest Annual sales in last 10 years.
8. ABCD Pattern under formation on weekly chart.
Can be a good risk reward with buy on dips and dips with major support near multiple Moving average supports i.e. 210 - 224 zone and a target towards 280- 300-328 respectively
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.