Bajaj Consumer Follow the Trendline T1 - 280 T2 - 293 T3 - 303 SL: 239 (CB)
making handle so wait for breakout then you can go with long. This is only for education do your own study.
>Good consolidation in a flag pattern with support @50 EMA >A buy trade can be initiated between 296 to 290 for a 15-20% upside with a stoploss of 280 only >Favorable risk reward ratio of around 5
continuously making patterns, breaking out quickly and then consolidating and breaking out again. follow the past pattern and back test it. keep watching!!
BAJAJCON EQUITY levels ...18/05/2021 (D candle)
NSE:BAJAJCON is working itself to reach the all time high. It has a great potential being an FMCG has good value yet to be unlocked and reflected in price of the stock.
It has given Flag pattern breakout on daily chart with a good delivery volume. It has also given Rounding bottom breakout on longer time frame. Chart is looking very bullish on short term and Mid term. We can expect Pole target as 355 in short term and 385 in mid term. RSI and MACD indicated continuation of bullishness. ADX also indicating strength in trend.
bajajcon chart analysis for intraday and swing trading
Buy Bajaj Consumer stoploss 245 Target Near 275 Study : Stock is trading near Retest level of Previous Breakout
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...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
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% ------------------------------x------------x------------------------ 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.
Buy abv 205 with sl 193 TGT 225 - 232 Disc : It's not an advise to buy or sell