Bajaj Consumer Ltd. is one of India's leading FMCG companies with major brands in the hair care and skin care category. The company's main brand is Bajaj Almond Drops in the hair oil category. It markets its skin care products under the brand No-marks. The company is a part of the Shishir Bajaj Group of companies.
Bajaj Consumer CMP is 219.60. The Negative...
As we can see that Bajaj consumer broke out from its resistance zone in weekly chart,
it may come for a retest, we can expect good return in nearly future
Bajaj Consumer is the company whose main source of income is oil, hair care and cosmetics product. The company name is associated with Bajaj Group. Stock is in very good Demand Zone / Support though the SL is far but i am going to buy in tranches which reduces the risk and if stock moves High will trail my SL. A company is at very low valuations one can take a bet...
The stock has broken down and took support at the support zone near 280. Trade is supported by brokerage calls and Supports Nearby.
The support zone is the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones and 200 EMA. Target is placed near the all-time high and is supported fundamentally.
Note: Earnings will be disclosed...
Bajaj Consumers, Daily Time Frame,
Given Trendline Bullish Breakout
It's like ascending triangle pattern,
Along with Bullish UNGALI SETUP,
Weekly and Daily both MACD are positive and Aligned with Oscillators too.
All EMAs are Positive as per Requirement for Bullish Bias, One can go Long with Stop-loss of 268.
All key levels are mentioned in chart with...
The above analysis is done purely based on price action and chart patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Traders can take advantage of this analysis in intraday trades as well.
In technical analysis, we say that a level/zone which first acts as a resistance for price, becomes support...
A breakout from a symmetric triangle with good volume and the RSI has some space to get into the overbought category. On this line I reckon this stock can meet its first target in a week or two.
A little bit of consolidation in the beginning of the week cannot be ruled out as well, which in fact, would be a healthier sign to accumulate.
