BAJAJHCARE STRONG PRICE REVERSALS FROM BOTTOM CAN GO UPTO 40% ?
ANALYSIS ON BAJAJ HEALTHCARE LTD :
STOCK SHOWING GOOD PRICE ACTION FROM BOTTOM AND TOOK A STRONG SUPPORT AT 285 LEVELS AND HOLD IT'S CMP BELOW STRONG RESISTANCE 330 LEVELS, BUT HOW MUCH IT CAN BE UP FOR A SHORTER PERIOD OF TIME .
AS PER TECHNICAL PARAMETERES IF THE STOCK SUCCESSFULLY HOLD ABOVE 233 LEVEL IT CAN GO UP TO 356.50 AS PER 200 DMA IN VERY SHORT TIME BECAUSE THE STOCK ALREADY BREAK 50 DMA AT A PRICE 309.82 WITH STRONG VOLUME.
THIS STOCK CAN GO UPTO 430 LLVELS WITHIN 1 YERA TIME FRAME.
BUSINESS OUTLOOK :
COMPANY FUNDAMENTALS -
1. Company has delivered good profit growth of 23.2% CAGR over last 5 years.
COMPANY VISION -
1. Management vision is to be a leading pharmaceutical company in India and to become a significant global player by providing high quality and affordable products. Commitment to continuous improvement and innovation.
2. To develop environment friendly system.
3. Contributing towards better healthcare through innovation. To Reach 15,000 mn of revenue
by 2025, Export outreach to cross 100+ countries.
STOCK SHOWING GOOD PRICE ACTION FROM BOTTOM AND TOOK A STRONG SUPPORT AT 285 LEVELS AND HOLD IT'S CMP BELOW STRONG RESISTANCE 330 LEVELS, BUT HOW MUCH IT CAN BE UP FOR A SHORTER PERIOD OF TIME .
AS PER TECHNICAL PARAMETERES IF THE STOCK SUCCESSFULLY HOLD ABOVE 233 LEVEL IT CAN GO UP TO 356.50 AS PER 200 DMA IN VERY SHORT TIME BECAUSE THE STOCK ALREADY BREAK 50 DMA AT A PRICE 309.82 WITH STRONG VOLUME.
THIS STOCK CAN GO UPTO 430 LLVELS WITHIN 1 YERA TIME FRAME.
BUSINESS OUTLOOK :
COMPANY FUNDAMENTALS -
1. Company has delivered good profit growth of 23.2% CAGR over last 5 years.
COMPANY VISION -
1. Management vision is to be a leading pharmaceutical company in India and to become a significant global player by providing high quality and affordable products. Commitment to continuous improvement and innovation.
2. To develop environment friendly system.
3. Contributing towards better healthcare through innovation. To Reach 15,000 mn of revenue
by 2025, Export outreach to cross 100+ countries.
Comment:
1st target achieved @ 356.5 as per my levels next target will be 419.
Comment:
2nd Target achieved as per levels stock today made a high of 446 and show a small profit booking in this resistance levels.