**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 consecutive daily candle closes below the SL level). We anticipate an initial target range of 274-283, presenting an upside potential of 32% with a controlled risk of 5%.
**Risk-Reward Analysis:**
- Risk-Reward Ratio: 1:6.38
- Target: 274-283
- Upside Potential: 32%
- Risk: 5%
This trade setup offers an attractive Risk-Reward Ratio of 1:6.38, aligning with the expectation of WAVE 5 development. Traders are advised to monitor the stock closely and execute trades in line with their risk tolerance and overall market analysis. #BAJAJCO #TechnicalAnalysis #StockMarket #TradingOpportunity
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 consecutive daily candle closes below the SL level). We anticipate an initial target range of 274-283, presenting an upside potential of 32% with a controlled risk of 5%.
**Risk-Reward Analysis:**
- Risk-Reward Ratio: 1:6.38
- Target: 274-283
- Upside Potential: 32%
- Risk: 5%
This trade setup offers an attractive Risk-Reward Ratio of 1:6.38, aligning with the expectation of WAVE 5 development. Traders are advised to monitor the stock closely and execute trades in line with their risk tolerance and overall market analysis. #BAJAJCO #TechnicalAnalysis #StockMarket #TradingOpportunity
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.