Refer to the chart for details, trade with strict loss as markets are highly volatile Note: Just for educational purpose
Buy cmp first trgt 319 , second trgt 369 stoploss 241
Bajaj Consumer in a Triangle Breakout We Can Expect 284.00 if it Break Down We Can Expect 213.00
Bajaj Consumer is showing good bullishness and can be traded for intraday above TL BO. Can't time the Bo but keep an eye T1 - 259 , T2 - 269 *This is just an analysis and not any call. Trade as per you Risk Management*
entry around 260 /275 stoploss /234 target expecting around 322 /366 stock outperform the benchmark index and the sectoral index also volume and delievery increased consistently ...price closed above the supply zone and the target expect the next supply zone ..
Buy Bajaj Consumer stoploss 245 Target Near 275 Study : Stock is trading near Retest level of Previous Breakout
The stock looks good above 268 level for positional targets of 286 and 297
Date: 03 Feb 2021 Time: 01.25 PM (IST) Bajaj Consumer (CMP: 238.25) Stock has made a good base at 200 levels. From rising Wedge pattern stock has formed into a Megaphone pattern. The RSI is finding support at 40 levels from along time. Today company declared good quarterly results. At this backdrop the stock appears to give 20% profit from current levels go till...
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
The stock is testing its trendline and looks good positionally above 255 level.
BAJAJCONS has a weekly trendline resistance and horizontal resistance at 270 level and it retraced to 230-236 level and started raising. once it closes above 270 on weekly next resistance is at 320 which coincides with 200WMA and horizontal resistance. RSI also nearing 60, indicating bullish momentum. it took support at 21EMA.
BAJAJCON is in a good position to take a long trade with a very tight stop loss. It has tested the previous breakout zone and it has exactly retraced at Fib 61.8% level so called the golden zone. These multiple confirmations makes it a high probability trade. Please trade considering your risk appetite.
The stock is making a bullish pennant pattern and can give a good upmove above 269 level.
rising wedge formed in day chart ,and adx giving negative divergence but to confirm this we need rsi and mfi to be in over bought range currently RSI is at 60.4 & MFI at 63.1 and rising wedge need to be much closer but over all direction it is getting narrower i think in 1-2 weeks mfi and rsi will reach over bought ranges and rising wedge becomes much more...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
BAJAJCON was given as one of the risky bet of our most successful day for buy above 229. Crazy bull run continued in these cash stocks and surprisingly it hit 20% UC. One of the best day for us 1. BHEL - 41.35 from 40.6 (1.8%) 2. CIPLA - 879 from 856 (2.7%) 3. ESCORTS - 1423 from 1374 (3.5%) 4. JSWSTEEL - Exited in 2 point loss (0.5%) 5. BAJAJCON - 256 from 229...
BAJAJCON CMP 219.5 Stock from current level might move towards 232/246 SL 209 clbs Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally.