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BAJAJ CONSUMER CARE LTDBAJAJ CONSUMER CARE LTDBAJAJ CONSUMER CARE LTD

BAJAJ CONSUMER CARE LTD

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BAJAJCON trade ideas

"Bullish Setup: Bajaj Consumer Care Swing Trade"Bajaj Consumer Care, a prominent player in the personal care products sector, is exhibiting a compelling chart pattern – a rounding bottom formation. This pattern suggests a gradual shift in momentum from bearish to bullish, indicating a potential reversal in the stock's direction. Accompanying this pattern is evidence of good accumulation, indicating that institutional investors and traders are steadily acquiring shares, which further supports the bullish sentiment. For swing traders eyeing an opportunity, initiating a long position could be a strategic move. However, it's crucial to exercise caution and consult with a financial advisor before executing any trades. Here's a tentative plan for a swing trade: Entry Point: A suitable entry point could be upon confirmation of the rounding bottom pattern with a break above the pattern's resistance level. This breakout should ideally be accompanied by strong volume, confirming the validity of the bullish reversal. Stop Loss (SL): To mitigate risk, a stop-loss order could be placed slightly below the pattern's low or a significant support level. This level should be determined based on the trader's risk tolerance and the stock's volatility. Target Prices: Potential target prices can be identified by measuring the height of the rounding bottom pattern from its lowest point to the resistance level. This measurement can then be added to the breakout point to estimate potential upside targets. Additionally, key resistance levels and psychological price levels can serve as additional targets. Remember, swing trading requires diligent monitoring of price movements and market conditions. It's essential to adjust your trading plan accordingly as the trade progresses and to adhere to your risk management strategy. Lastly, while chart analysis can provide valuable insights, it's imperative to supplement technical analysis with fundamental research on the company and industry trends before making any trading decisions.
NSE:BAJAJCONLong
by Sanil1912
BAJAJ CONSUMER (TRADE/INVESTMENT IDEA ON DAILY CHART)Bajaj Consumer Care Ltd. Results Snapshot: Q4FY23 Quarterly & FY23 Annual Result Announced for Bajaj Consumer Care Ltd. Personal Products company Bajaj Consumer Care announced Q4FY23 & FY23 results: Volume growth of 9.9% in Q4FY23 and 5.6% in FY23 YoY Value growth of 11.7% in Q4FY23 and 8.4% in FY23 YoY, Hair oil grew by 11.9% in Q4FY23 and by 8.1% in FY23 NPDs grew by 2.1X in FY23 to Rs 113 crore from Rs 53 crore in FY22 On Consolidated basis, value growth of 9.5% in FY 23 with IB growth of 56% Gross Margins in Q4FY23 – 54.1% v/s Q4FY22 – 56.2%, sequential improvement over Q3FY23 by 110 bps Gross margin in FY23 – 53.4% v/s FY22 – 57.3% Inflation in RM prices impacted margins on YoY basis EBITDA in Q4FY23 margins at 17.9% same as Q4FY22, in absolute terms at Rs 43.3 crore higher by 12% YoY FY23 – 15.6% of sales (-570 bps) on account of increased investments in A&P ( 160 bps) and reduction in Gross margins (-390 bps) Bajaj Hair oil market share (Value) in THO remains flat at 10.4% in Q4FY23 v/s Q4FY22 Share Holdings : Promoter Shareholding 39.35% FII Shareholding 14.41% DII Shareholding 17.18% Public Shareholding 29.06% Bajaj Resources Private Limited PROMOTER Goldman Sachs Funds - Goldman Sachs India Equity Portfolio FII Jupiter India Fund FII Icici Lombard General Insurance Company Ltd PUBLIC Huf PUBLIC Hdfc Mutual Fund - Hdfc Multi Cap Fund DII Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund DII Thats all for now. N.B: I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
NSE:BAJAJCONLong
by Subhrajit006
BAJAJ CONSUMER TGT 280-300-328Bajaj Consumer Care Ltd. is an interesting chart with following 1. RSI on Daily and Weekly Above 60 2. Narrowing Bollinger Bands on weekly charts 3. Multiple Moving Average Supports as under: Daily 20 SMA at 220 Daily 50 EMA at 222 Weekly 20 SMA 224 Weekly 50 EMA 212 Monthly 50 EMA at 218.50 4. Big Green Candle on weekly chart with huge volume candle 5. 20 SMA crossed above 50 SMA from below 6. Stock outperforming sectoral index in both 1 week and 3 months 7. High Sales Growth with Highest Annual sales in last 10 years. 8. ABCD Pattern under formation on weekly chart. Can be a good risk reward with buy on dips and dips with major support near multiple Moving average supports i.e. 210 - 224 zone and a target towards 280- 300-328 respectively Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:BAJAJCONLong
by purisonshuf
BAJAJCON - keep an eye for BO above 250NSE:BAJAJCON cmp 243 watchout for BO above 250 will likely run against some resistance around 280, but overall, should do well over 250 The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NSE:BAJAJCONLong
by ajaykalashi