demand zone and trendline support consumer stocks looks strong bajaj can move good in coming days educational idea
buy bajaj consumer 260-262 target 280 stoloss 239 it took support with good volume and fundamentally strong stock and my long term target is 500
RSI is in the buy signal. volume is geeting increase for bue. already about to touch its support
BAJAJCON : cm p: 291 After significant correction,closing above moving averages. RSI trending up. Once it surpass and sustains above 295 lvl a fresh momentum may be seen in the short term. TGT may be 304/316/323 SL 278 Dclbs Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally.
Bajaj consumer - CMP - 295 Technical - 1. Cup and handle pattern. Breakout above 308. 2. Accumulation happening, clearly visible with volume increase. Trade - Bullish trade Buy at CMP for following targets - 1. Short term - 355, 391 2. Long term - 445, 498. Long time horizon, 1 year 3. SL - closing below 260.
making handle so wait for breakout then you can go with long. This is only for education do your own study.
The stock is expected to move upwards as it has came out of its consolidation zone.
Stock is taking support from ots 50EMA and is in uptrend from long time.. daily closing above 305-310 can trigger further upmove..
>Good consolidation in a flag pattern with support @50 EMA >A buy trade can be initiated between 296 to 290 for a 15-20% upside with a stoploss of 280 only >Favorable risk reward ratio of around 5
formed very nice triangle pattern, increase in volume , it can show a great move once breakout happens.
TRADE WITH DISCIPLINE, ACCEPT THE STOP LOSS THANK THE PROFIT.
BAJAJCON is forming a good parallel channel pattern since last 140+ days. Now the stock is near its support line of the channel. Stock has also formed bullish harami ( japanese candlestick pattern ) which is trend reversal pattern from bearing to bullish. Considering these two good signals, this can be a good long opportunity. Please note that this analysis was...
continuously making patterns, breaking out quickly and then consolidating and breaking out again. follow the past pattern and back test it. keep watching!!