If Breaks Then The Targets could be Taken at 158
Time Frame :- 1 Hour
Patterns Name :- Rounding Bottom
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
BTW Like and Follow if you like this awesome content
I am Talking about Bajaj Consumer Limited, a strong support and resistance zone is visible in it in the daily time frame.
The market had stopped at resistance with a strong sell-off, then came back to the resistance, that zone is not able to break, then the market is visible on the side zone.
Now the market has made a strong hold on the level of ...
As per the 2 Hour Chart of BAJAJCON, we have witnessed a Formation of a “HAMMER” Pattern on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 163.40, 167.25, and 174.20. Whereas, on the other hand, on the...
Looking good for long term investment ( minimum 1 year)
ROCE : 36%
PE : 13.8
Debt/equity : 0
200 Day moving average: 231
Volume: Increasing daily/weekly/monthly
Currently trading at 40% lower from its 52w high.
Bajaj Consumer Care Ltd. engages in the manufacture and marketing of hair oil and hair care. Its brands include Bajaj Almond Drops, Bajaj Brahmi Amla, Bajaj Coco Jasmine, and Bajaj Kailash Parbat. The company was founded in 1953 and is headquartered in Mumbai, India.
BAJAJ CONSUMER as per daily chart analysis has broken the resistance 200 level and formed a bullish doji candle. Target 220 should be achieved in few sessions. I have entered the stock today based my own set up and lets see what happens. Today there had been a strong selling irrespective of nifty had good gap up and even it had broken the consolidation zone 17600 level.
Bajaj Consumer is in sideways and ready for a big move
• Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265
• Price is in sideways since few weeks
• Price is revolving around 13/20/50/200 EMA
• Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s