Technical Analysis: Bajaj Healthcare (CMP: ₹558.05)
Breakout Confirmation:
Current CMP: ₹558.05
-Breakout Level: ₹496.30
-The stock has recently broken out of a long-range consolidation pattern.
Target Levels:
-Based on technical analysis (rectangle breakout pattern), the price target is ₹700 - ₹750.
Volume Confirmation:
-Relative Volume: 7.21X (indicating strong interest and participation in the move).
Fundamental Strength:
-Sales for the last quarter (YoY) are positive.
-EPS is positive, indicating profitability and financial stability.
Technical Indicators:
-Relative Strength Index (RSI): 87 (indicating strong bullish momentum).
-On-Balance Volume (OBV): High, indicating accumulation and strength in buying pressure.
Current CMP: ₹558.05
-Breakout Level: ₹496.30
-The stock has recently broken out of a long-range consolidation pattern.
Target Levels:
-Based on technical analysis (rectangle breakout pattern), the price target is ₹700 - ₹750.
Volume Confirmation:
-Relative Volume: 7.21X (indicating strong interest and participation in the move).
Fundamental Strength:
-Sales for the last quarter (YoY) are positive.
-EPS is positive, indicating profitability and financial stability.
Technical Indicators:
-Relative Strength Index (RSI): 87 (indicating strong bullish momentum).
-On-Balance Volume (OBV): High, indicating accumulation and strength in buying pressure.
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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.
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.