BAJAJCON trade ideas
BAJAJ CONSUMER LOOKING GOODRefer to the chart for details, trade with strict loss as markets are highly volatile
Note: Just for educational purpose
Bajaj Consumer in a TriangleBajaj Consumer in a Triangle
Breakout We Can Expect 284.00
if it Break Down We Can Expect 213.00
Bajaj Consumer - TL BO - Intraday Bajaj Consumer is showing good bullishness and can be traded for intraday above TL BO.
Can't time the Bo but keep an eye
T1 - 259 , T2 - 269
*This is just an analysis and not any call. Trade as per you Risk Management*
long setup in bajaj consumer care i seen the darvas box pattern entry around 260 /275
stoploss /234
target expecting around 322 /366
stock outperform the benchmark index and the sectoral index also
volume and delievery increased consistently ...price closed above the supply zone and the target expect the next supply zone ..
Buy Bajaj Consumer Buy Bajaj Consumer stoploss 245 Target Near 275
Study : Stock is trading near Retest level of Previous Breakout
Watchout for Resistance breakoutThe stock looks good above 268 level for positional targets of 286 and 297
Bajaj Consumer_20% Profit PotentialDate: 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 285 by end of March 2021.
Target: T1-250, T2-265, T3-280
No need to keep SL. Just go long on the stock.
BAJAJ CONSUMERNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Watchout for trendline breakoutThe stock is testing its trendline and looks good positionally above 255 level.
BAJAJCON retested breakout levelBAJAJCONS has a weekly trendline resistance and horizontal resistance at 270 level and it retraced to 230-236 level and started raising. once it closes above 270 on weekly next resistance is at 320 which coincides with 200WMA and horizontal resistance.
RSI also nearing 60, indicating bullish momentum.
it took support at 21EMA.
BAJAJCON - good for high probability tradeBAJAJCON is in a good position to take a long trade with a very tight stop loss. It has tested the previous breakout zone and it has exactly retraced at Fib 61.8% level so called the golden zone. These multiple confirmations makes it a high probability trade.
Please trade considering your risk appetite.
All set for more upmoveThe stock is making a bullish pennant pattern and can give a good upmove above 269 level.
bearish in bajaj conrising wedge formed in day chart ,and adx giving negative divergence
but to confirm this we need rsi and mfi to be in over bought range currently RSI is at 60.4 & MFI at 63.1 and rising wedge need to be much closer but over all direction it is getting narrower i think in 1-2 weeks mfi and rsi will reach over bought ranges and rising wedge becomes much more narrower so stay cautious ,i think this might also indicate correction in nifty or may be results expected for bajaj con may be negative
thank you for reading this is not an trading advice ,trade at your own risk , this is purely my opinion
Breakout in Bajaj Consumer Care...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
10%+ MOVE IN BAJAJCON. LIVE TRADE ANALYSIS BAJAJCON was given as one of the risky bet of our most successful day for buy above 229.
Crazy bull run continued in these cash stocks and surprisingly it hit 20% UC.
One of the best day for us
1. BHEL - 41.35 from 40.6 (1.8%)
2. CIPLA - 879 from 856 (2.7%)
3. ESCORTS - 1423 from 1374 (3.5%)
4. JSWSTEEL - Exited in 2 point loss (0.5%)
5. BAJAJCON - 256 from 229 (10% bumper)
6. RBLBANK - 262.4 from 258.6 (1.5%)
Logic for ESCORTS
Thanks
Piyush Gupta
Learn & Earn
BAJAJ CONSUMER GOOD BUY SIGNALBAJAJCON
CMP 219.5
Stock from current level might move towards
232/246
SL 209 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
