BAJAJHIND trade ideas
BajajHind - Weekly Chart AnalysisOn a monthly chart it is showing strength. Closed the week with nice volume. Now it should sustain at current levels. Stock is holding above the key moving averages. Above is the key supply zone (23.75-33.60) which can be tested. This still accounts to 60% move. An entry on a pullback shall lower the risk. Wait and Watch this weeks price action.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
BAJAJHIND INVERTED H&S COMPLETESWING TRADE OPPORTUNITY
Stock has clearly formed inverse head and shoulder pattern on the weekly time frame. And it just break the neckline and to cover rest of the journey as per the pattern. This stock seems good for mid term view.
Disclaimer :- This is just for educational purposes. Do your own research before investing in any kind of securities.
BAJAJHind: Breakout Ready with Very High VolumePlease have a look at the NSE:BAJAJHIND . It has such a Very Big Volume spike with the RSI is shooting the roof.
And it is just crossed the big-time resistance with a marubozu candle (actually upper circuit in Friday).
With a few months of holding it can double the investment.
Symmetrical triangle patternBajaj Hindustan Sugar: Symmetrical triangle pattern formation showing on weekly chart. Symmetrical triangle pattern usually form during trend continuation and it works as a coil to move price further in trend. The pattern usually contains two lower highs & two higher lows, which acts like a coil! When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.As the symmetrical triangle pattern is type of consolidation, hence volume gets decreasing before breakout. The extension of wide distance of symmetrical triangle is the target!