BAJAJCON trade ideas
BajajCon LongTerm StockBajaj 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 on this company after all this is what we called investment. Everyone is finding an edge everyone knows it "No one applies" here you clearly see that the kind of R:R this is giving "This is an edge". Here it is very clear that this is not any kind of recommendations or tips though i have an open position in this stock as per my Risk.
Bajaj Consumer Short Term TradeThe 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 during the trade duration. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.
Bull Run indiacatorAfter a brief consolidation a high lower is formed on the daily chart of bajaj consumer, a textbook example of a shooting star near the 50 EMA , it should most likely be a bull run for the stock as it already has really great financials, use stop loss under the low of the shooting star and take the pervious high as the target