rsi weekly daily above the magic number simply higher high higher low pattern
Price has been consolidating in a narrow range for over 4 weeks. Stock can be considered in a pullback phase as suggested by the low volumes and holding of the previous breakout area. Company has been reported fantastic quarterly earnings which has been well received by the market participants. Outside the consolidation area, stock can see 310/350 in short term....
Keep an eye on this
BAJAJCON rested R2 and R3 resistance and returned and took support at 237. Re-testing R2 and R3. Potential chances for breakout to upside but with caution!
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...
Bajaj Consumer CMP - 207.30 Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets Buy range 200 - 203 / Stop Loss - 195 Target 1 - 205 Target 2 - 207 Target 3 - 210 / 215 Swing / Short Term Target - 230 Disclaimer: This is my view and for educational purpose only.
back to retest the support looks good for long
Bajaj Cons - Breaking out of a long consolidation. Notice the super volatility contraction. DISC: Not a SEBI Registered. I post charts for my own study.
BAJAJCON has given a breakout above resistance with good volume. Entry, SL, Targets updated on chart. These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
BAJAJ CONSUMER on its critical area any time we can expect a good upmove. only for practice and education
TRADE BASED ON 1. PRICE ACTION 2. TREND LINE 3. RSI.4. 4. FIBO STRATEGY
Bajaj Consumer CMP - 192.30 Buy @ 190 - 195 / Stop Loss - 176 Target 1 - 205 Target 2 - 215 Target 3 - 230 Target 4 - Note: This is just for educational purpose only.
#BAJAJCONSUMER A Breakout from this Trend line in Daily TF would trigger good up movement Use in 15 mins TF for Intraday View Nuetral to Bullish
BAJAJ CONSUMER In ascending triangle pattern The stock is above 200SMA Watch for break out and trade. View Bullish