Hi Traders,
A stock pick for tomorrow, 25.4.2024. Bajaj Hinusthan Sugar Ltd. The CMP is 33.95. It is forming Cup and Handle pattern on daily time frame. The volume of stock is continuously increasing. Buy at the range of 33-34 for the target of 40.
Thanks
On weekly there is good support taken by bajaj hindustan.
This gives a good low risk entry in this counter.
Plan you trade as per super trend retest strategy.
The stock has formed an inverse head and shoulder pattern on daily chart and has given a breakout from the same , moreover the has been an significant surge in the volume bar which show further reliability . The company donot has a sound balance sheet but it has reduced losses YOY basis and is profitable this quarter which shows signs of revival also the sales and...
Bajaj Hindustan Sugar Ltd Looking Strong
strong Breakout
Bullish
Good Volume
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
BAJAJ HINDUSTAN SUGAR LTD
Breakout from a Bullish Pennant.
FII/FPI have increased holdings from 1.60% to 1.64% in Sep 2023 qtr.
Mutual Funds have increased holdings from 0.00% to 0.05% in Sep 2023 qtr.
Trade Idea
For educational purpose only.
Not a Buy/Sell recommendation.
Plan your own entries, exits and
risk management.
--Lower highs
--breakout and retest
--Triangle pattern
--sugar sector in focus
--Target 40+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk...
BAJAJHIND :- A bit risky stock, has given breakout after 9 years
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades...
Stock is nears its June 2014 High level 32.60. Its a almost 9 Year's high.
Major thing is heavy volume spike in the recent years (2021-23).
In this Nov month even it try to break that level (32.60) and made 35.85 as new high as on 29-11-2023.
In coming months if it close above 35.85 Price zone in monthly chart then we can Expect bullish rally till...
