FUNDAMENTALS ARE VERY GOOD.
PERFECT SLOW MOVING COMPANY TOWARDS ITS TARGET.
313 EASY WITHIN 2 MONTHS.
CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADES.
Took support at 50DMA and now moving upward , MACD is in green as well, so buying is there , can take position now or wait for next candle to confirm direction
All Targets and Stop Loss is mentioned in the chart
Time Duration is between 2 to 4 Weeks.
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
NSE:BAJAJCON is working itself to reach the all time high.
It has a great potential being an FMCG has good value yet to be unlocked and reflected in price of the stock.
Look for a buying opportunity at 290 levels. With a reward to risk ratio of almost 1.7. Short term targets can be around 320. Great share for long term with excellent fundamentals! Keep on your radar.
It has given Flag pattern breakout on daily chart with a good delivery volume. It has also given Rounding bottom breakout on longer time frame. Chart is looking very bullish on short term and Mid term. We can expect Pole target as 355 in short term and 385 in mid term. RSI and MACD indicated continuation of bullishness. ADX also indicating strength in trend.
BAJAJ CONSUMER Cmp 294.60 dated 15.4.2021
Flag Pattern Breakout above 300
giving tgt of 325-340-370+ SL 264
It is just a view, pls trade at your own risk.
Bajaj Consumer Care Ltd. is in an uptrend. The counter was in a consolidation since 4th February 2021 until it gave the upward breakout on daily chart on 13th April 2021. The breakout was marginally above the resistance line. The breakout sustained on the immediately succeeding daily candle on 15th April 2021 with a close of Rs. 294 with a good volume support. I...
