Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Date: 03 Feb 2021
Time: 01.25 PM (IST)
Bajaj Consumer (CMP: 238.25)
Stock has made a good base at 200 levels. From rising Wedge pattern stock has formed into a Megaphone pattern. The RSI is finding support at 40 levels from along time. Today company declared good quarterly results. At this backdrop the stock appears to give 20% profit from current levels go till...
PROS:-
1.Company has reduced debt.
2.Company is almost debt free.
3.Company has a good return on equity (ROE) track record: 3 Years ROE 40.41%
4.Company has been maintaining a healthy dividend payout of 64.34%
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Cons:-
1.The company has delivered a poor growth of 0.84% over past five...
after a long time bajaj consumer is trading above 200 EMA also , triangular brake out is on the way. momentums indicators are in +ve zone.
Target -- 210/215
stop loss -- 196.
Tempting for a breakout momentum with volume support. Targets on the chart
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Stock ( NSE:BAJAJCON ) is making higher lows as shown in chart and, you can see it was inside a channel since long time and recently broke this channel with huge volume, these all giving bullish signals, one may take trade based on his/her risk appetite for swing opportunity.
important levels are
entry range : 160-165
stop loss : 145-150
target :
1st: 203
2nd: 250-270
