BAJAJHLDNG trade ideas
BAJAJHLDN Future good More up move to 4000 possilbeFundamentalyHere to analyse this chart LongBuyLongSellindicator(LBLS) script and Fundamental data of the BAJAJHLDN for the last 10 years used.
One common repeated cycle of the trend and the price move up and down is followed by the good fundamental data.
Few of the fundamentals that is a key for good growth and it is value and reaction of the price to the value (Net cash flow,Free cash flow etc) is shown in the chart.
This gives me a glimpse that to be a successful trader we have to mostly rely on the fundamental data ,the more stronger the fundamental the better upside stock price is possible .This is shown in the chart.
Chart used for analysis is Monthly chart.
Wherever NCF was negative for few months in the year price drop is seen and price started moving up once the NCF become positive.
This analysis can be used for any stock before entering to safeguard the invested money.
In long term this script looks promising.
Bajaj Holding Ascend. Tri. Breakout Target 3800.A clear Breakout of Bajaj Holding At 3200, For target of 3800, Long term company good for holding, Stop loss 2600 on closing Basis. Wait 4 months Atleast
Buy BAJAJHLDNG above 2998 with a short term holding target of 32The stock broke out on the upside from its multiple resistance area of 2900-2978 and marked high at 3203. It suffered a throwback and pared all its gains. Presently, it has pulled back a bit and remains in a symmetrical triangle formation. Few signals have emerged which point towards likely resumption of up move. On-Balance Volume – OBV has formed a fresh high on both time frame charts which is bullish. RSI remains neutral. Weekly MACD stays in continuing buy mode. The Stock is seen improving its relative momentum and strength against general Markets.
Bajaj Holdings - #WatchlistA decisive close above 2980 can propel the stock ahead! Must be kept a close eye upon!
