Bajaj healthcare - Bullish bet - ready to blast
This stock has following attributes after reversal and strong Price action.
1) Broken out of consolidation on weekly chart and Price > 50 DMA
2) 50 DMA > 200 DMA
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Consistently making daily high higher then previous high/closing since last 2 sessions
Will be a good by at 500 INR.
Ideas and Analysis is a academic exercise and no recommendation to BUY
1) Broken out of consolidation on weekly chart and Price > 50 DMA
2) 50 DMA > 200 DMA
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Consistently making daily high higher then previous high/closing since last 2 sessions
Will be a good by at 500 INR.
Ideas and Analysis is a academic exercise and no recommendation to BUY
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.