Bajaj consumer gave a breakout of a flag...tgt calculated and posted on chart...This is a classic flag pattern...copybook style and breakout is also voilent..which helps us.
Bajaj Consumer - Long above 235
Daily Flag and Pole pattern
Price is in the second leg with accumulation.
Posted good quarterly result
Stoploss - Mentioned in the Chart.
Target - TP1 and TP2 mentioned in the Chart.
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...
**BAJAJCO (Bajaj Consumer Care Limited) Technical Analysis**
BAJAJCO appears to be concluding its corrective WAVE 4 on the daily timeframe chart, having completed the ABC wave structure. The stock is now poised to initiate its WAVE 5 of the Motive wave.
Our recommendation is a BUY at the current market price (CMP) with a Stop Loss (SL) set at 206 (based on 2...
BCC has been respecting the major trendline in white and has given an impulsive move from the trendline, I'm expecting a similar move from the current levels, as it is forming a bullish flag pattern....You can enter this as a swing trading opportunity or a long term investment....its a Bajaj company after all.....My target is 540+++....Use proper risk...
it is showing strength on monthly TF. now it is clear buy for long term purpose. if u want to noise see chart on big TF. then ur purpose will be clear. u can easily see risk & reward in this trade.
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
On Monthly Chart, Dec 2022 Candle Just Started and looks a pullback up side. Buyers are Rigid and holding the Price. Looks Good and if have any doubts please do comment.
SL - 155
Tgt - 185
