Stock Discussed Today is : BAJAJ CORP LTD. (Bajaj Consumer Care Ltd.)
let's See the Chart ..
This is a Weekly Chart, Simply Indicating a Breakout from a Long Term Falling Trend Line, While Breakout The Stock made a Bullish Cup and Handle and the Breakout is done. Successfully Closed above the Breakout Level Last week. Now The Stock can be accumulated and Hold for a Few Months for the Expected Targets.
The Breakout of Cup & Handle suggests a Move of minimum 75 Rupees on the Higher side from the Breakout Levels.
The Stock seems to have completed the Bad Phase and getting ready for the good move.
Recommendation :
BAJAJ CORP LTD. (Bajaj Consumer Care Ltd.)
Recommendation : Buy
Buy Range : 194-200
Stoploss : Closing Below 177
Targets : 244 - 266 - 322
Timeframe : 4 - 6 Months
Do Not Invest if you need Overnight or Intraday gains, This is Not a Overnight Trade.
One Can Accumulate the Stock Slowly upto 194, Start Small, Increase the Qty while buying Every Dip.
Warning :
- The Stock is a Small Cap Stock, trade Carefully
- Though The Stock is doing good Fundamentally, their is always a Risk Associated with the Stock Market Investments.
- Do Not Trade with leverage
- Do not Overtrade and Jump in trades.
- Consult your Financial Adviser before jumping in the trade.
Disclaimer :
The Analyst Atul Shinde is a Global Market Expert and Certified Financial Adviser, He is Having more than 13 years of Experience in Analysis of Global and Domestic Markets and Managing funds for Overseas Investors.
The Adviser may be Contacted on following Details :
WhatsApp : (+91) 8275 298 208
Email : paidsignals@gmail.com
Web : http://planmymoney.in
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