This stock was in downtrend after July 2021 because FII & DII are selling there stake also profit booking as stock has given good return more then 100% in a 1 year.
Bajaj Consumer is a very Old company. It is Debt Free. It is one of the best stock in FMCG sector.
Right Now stock trading between 175-180.
In march 2022 ending & April 2022 first week during this...
Among the cheapest FMCG plays available.
The stock could've potentially bottomed out. There is a +ive triple divergence on the RSI.
Long above 167.50. SL 160.
As per the 2 Hour Chart of BAJAJCON, we have witnessed a Formation of a “HAMMER” Pattern on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 163.40, 167.25, and 174.20. Whereas, on the other hand, on the...
stock is oversold in weekly timeframe with recent descending triangle failed due to market volatility
now approaching the base as resistence and will consolidate and will again take up side movement
Looking good for long term investment ( minimum 1 year)
ROCE : 36%
PE : 13.8
Debt/equity : 0
200 Day moving average: 231
Volume: Increasing daily/weekly/monthly
Currently trading at 40% lower from its 52w high.
Resistance levels:
1st 267
2nd 310
Bajaj Consumer Care Ltd. engages in the manufacture and marketing of hair oil and hair care. Its brands include Bajaj Almond Drops, Bajaj Brahmi Amla, Bajaj Coco Jasmine, and Bajaj Kailash Parbat. The company was founded in 1953 and is headquartered in Mumbai, India.
BAJAJ CONSUMER as per daily chart analysis has broken the resistance 200 level and formed a bullish doji candle. Target 220 should be achieved in few sessions. I have entered the stock today based my own set up and lets see what happens. Today there had been a strong selling irrespective of nifty had good gap up and even it had broken the consolidation zone 17600 level.
BAJAJ CONSUMER as per daily chart analysis has made a consolidation break out and also broken the resistance level 200. Stock above 202 level for a target 220 level.
Short term rounding chart pattern formed in hourly time frame. Please wait for breakout above 201 then buy for first target 230 and one can expect to achieve our first target by December 28, 2021.
If our first target achieved successfully and price break 230 on closing basis then one can expect to achieve our second target 270.
Timeline to achieve our 2nd target...
Bajaj consumer has managed to close above 200 after retesting its COVID levels prices
1. Decent volumes
2. Over sold valuations
3. Bullish Weekly Marubozu
Disclaimer: for learning purposes only!
Bajaj Consumer is in sideways and ready for a big move
Reasons/Traits :
• Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265
• Price is in sideways since few weeks
• Price is revolving around 13/20/50/200 EMA
• Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s
What can...
Bajaj Consumer Care Ltd. engages in the manufacture and marketing of hair oil and hair care. Its brands include Bajaj Almond Drops, Bajaj Brahmi Amla, Bajaj Coco Jasmine, and Bajaj Kailash Parbat. The company was founded in 1953 and is headquartered in Mumbai, India.
NSE
