BAJAJHIND trade ideas
BAJAJ HINDUSTAN SUGAR FORMING INVERSE HEAD AND SHOULDERThe stock has formed an inverse head and shoulder pattern on daily chart and has given a breakout from the same , moreover the has been an significant surge in the volume bar which show further reliability . The company donot has a sound balance sheet but it has reduced losses YOY basis and is profitable this quarter which shows signs of revival also the sales and thhe OPM are everhighest The stock can rally till 70 in near future
Bajaj Hindustan Sugar Ltd Looking StrongBajaj Hindustan Sugar Ltd Looking Strong
strong Breakout
Bullish
Good Volume
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
BAJAJHIND bullish; above 36.20 ? - Wednesday 7th Feb.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
#BAJAJHIND #NSE - PENNANT BREAKOUTBAJAJ HINDUSTAN SUGAR LTD
Breakout from a Bullish Pennant.
FII/FPI have increased holdings from 1.60% to 1.64% in Sep 2023 qtr.
Mutual Funds have increased holdings from 0.00% to 0.05% in Sep 2023 qtr.
Trade Idea
For educational purpose only.
Not a Buy/Sell recommendation.
Plan your own entries, exits and
risk management.
Lower highs--Lower highs
--breakout and retest
--Triangle pattern
--sugar sector in focus
--Target 40+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
BAJAJHINDBAJAJHIND :- A bit risky stock, has given breakout after 9 years
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bajaj Hindusthan Monthly Chart OverviewStock is nears its June 2014 High level 32.60. Its a almost 9 Year's high.
Major thing is heavy volume spike in the recent years (2021-23).
In this Nov month even it try to break that level (32.60) and made 35.85 as new high as on 29-11-2023.
In coming months if it close above 35.85 Price zone in monthly chart then we can Expect bullish rally till 62.65.
Down side it should not break 20 Price level (Strong Support)
It is just a view not any recommendation, Do your own analysis before making any investment.
NSE:BAJAJHIND
Multibagger--Mulktibagger stock
--sugar sector on focus
--bullish flag pattern formation
--strong volume in
--swing Target 33
-- good for long term
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if need be
Facts check☑ onlyThis shere is hero of 2005 year trading @ 400
Now trading@29😱, it's longer term charts
I can seen some good positive action in this company
I will acumlating @ 16 now I m watching very closely too cross the levels of 32
If it cross it with very good volumes then again 2x traget possible in near future
BUT ONLY CROSS 32/33 LEVELS FIRST
BREAKOUT BAJAJHIND SUGAR, 182% RETURNSBUY - BAJAJ HINDUSTAN SUGAR
CMP - Rs. 25
Target - 1: Rs. 34
Target - 2: Rs. 48
Target - 3: Rs. 70
.
Timeframe - 4 months - 1.5 years
.
Technicals - Bullish Flag Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
Multiyear BO - Bajaj HindusthanSugar and Ethanol a love story for Investors!
With the on-going push from the government to mix ethanol in Fuel we are seeing a great value unlocking in sugar stocks! One such stock is Bajaj Hindusthan which used to be a leader along with Balrampur Chini!
On the technical charts we can see a great turnaround in the fortunes of the company with a breakout above 25 levels confirming Inverted H&S chart pattern!
There is already a Breakout of Downward sloping trendline. We might just be a news away from having a great move in the prices!
Rsi above 60
Stochastic giving a buy signal
DMI is strong with BB challenge
This might be a good bet with a minimal stop loss for the long run!