NSE:BAYERCROP - MOVING FURTHER UP.Stock Summary : Bayer CropScience is engaged in Agri Care business which primarily includes manufacture, sale and distribution of insecticides, fungicides, herbicide and various other agrochemical products and corn seeds.
Technical Setup :
Bayer Crop on daily time frame crossed and closed above a important level of 6259.70. The Stock has been moving on the upside continiously on a daily time frame which clearly shows buyers strength.
The Stock was in a consilidation zone since Feburary 2025 till May 2025 and finally on May 27 2025 the stock opened gap up with high volume confirming it which is nothing but a Runaway gap.
The Higher level of 5,302.95 level which acted as a resistance druring consolidation was retested after few days and the stock witnessed buying again ultimately crossing an important level of 6259.70 as mentined above.
Indicators :
MACD indicator already above central line and positive crossover indicates a positive monetum to continue.
ADX indicator is at 36.31 along with +DI above - DI whcih shows strength in upside direction.
ATR(Average True Range) is rising which signals volatilty increasing and is at 184.56 which means aveage movement of the stock is near 184.56.
Now, Once the stock moves above 6368.50 level and gives a close above it a upside towards R1- 6,558.00 can be seen on the charts and next level would be R2 - 6722.10. A support on the downside would be S1 -6187.35
Support and Resitance Levels :
R1 - 6368.50 S1 - 6259.70
R2 -6558.00 S2 - 6187.35
R3 - 6722.10
Estimated time to reach Resistance on the upside is expected to be 10-15 days.
Disclaimer : I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
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BAYERCROP
Nicely seen Breakout noticed in Bayer's CropsciencesBayers Cropsciences hasn't touched its top since 2020. Now, after a long time and the pattern formation of a downward channel, you can also make it a flag and pole pattern that can be visible. The stock has given a breakout and corrected last month near the trendline above. So, it is clearly showing a solid commencement of a new uptrend.
Long Resistance can sell 1 more time at HereTime Frame :- 1 Hour
Symbol Name :- Bayercrop
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BAYERCROP: A Bullish Trend "
TECHNICAL ANALYSIS OF NSE:BAYERCROP
The LAST CLOSE PRICE of NSE: BAYERCROP is 6018 . The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 5893.35. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 5757.25 with RESISTANCE 1 and RESISTANCE 2 at 6081.75 and 6260.6 respectively. The Key 50% FIBONACCI LEVEL stands at 5819.73 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 42.21 and 30.22 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 69.88 and 2.11 at 70.69 along with HISTOGRAM showing values of -0.53, the STATUS is clearly BUY CROSSOVER NEARING IN.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.18 and -0.42 with TREND CHANGED TO BUY as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.5011 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 53.77 which signifies its Price Level to be TOO EXPENSIVE.
>>> RECOMMENDATION is : BUY ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
BAYERCROP Ascending Triangle BreakoutBAYERCROP has shown an ascending triangular movement over the last week.
The last daily timeframe candle has tried to move down but shown a rejection of lower levels.
Breakout can be traded at the break of the previous high @ 5451 with a target @ 5584.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.