BAJAJHLDN Future good More up move to 4000 possilbeFundamentalyHere to analyse this chart LongBuyLongSellindicator(LBLS) script and Fundamental data of the BAJAJHLDN for the last 10 years used.
One common repeated cycle of the trend and the price move up and down is followed by the good fundamental data.
Few of the fundamentals that is a key for good growth and it is value and reaction of the price to the value (Net cash flow,Free cash flow etc) is shown in the chart.
This gives me a glimpse that to be a successful trader we have to mostly rely on the fundamental data ,the more stronger the fundamental the better upside stock price is possible .This is shown in the chart.
Chart used for analysis is Monthly chart.
Wherever NCF was negative for few months in the year price drop is seen and price started moving up once the NCF become positive.
This analysis can be used for any stock before entering to safeguard the invested money.
In long term this script looks promising.
