Bajaj corp share short term technical view
Bajaj crop. Share price today closed at 419 with loss. On daily chart, stock price trend and momentum both are bearish. Stock recently made low near 390 and recovery rally but not able to cross major averages resistances. On daily chart, Bajaj crop. Share price is trading below short term averages with mixed signals on indicators. Stock below 445 will remain under pressure. On downside 380 and 358 are strong support zones. If stock takes support at these levels and indicators gives buy signal then one can buy Bajaj crop. Share for target 445 and above.
Bajaj corp share medium term technical view
Bajaj crop. Share price this week closed with loss. On weekly chart also stock is trading below major averages with bearish but recovery signal on indicators. Last week positive closing created a buy candlestick pattern. It low was at 388 and will remain weekly closing basis support. From medium to long term view, stock is good to buy near 350 levels with stop loss. On upside 500 to 550 targets possible in next 6 to 12 month period.
Bajaj corp share long term technical view
Bajaj crop. Share price in last 6 month had given 25% return to its investors. While market only given 1-2% returns so clear outperforming stock from FMCG sector. But look expensive. For long term investors, 150-200 is best levels to buy and accumulate with price target 500. On any major correction if stock price comes in this range then investors can add this to their portfolio with price target 500 in 3 to 5 years period. Bajaj crop. Share all time high was near 500 hit in 2015 while all-time low was near 85 rupee made in 2011. 244 rupee is major long term average support.
Bajaj corp company description
Bajaj Corp Limited is a fast-moving consumer goods (FMCG) company. The Company has brands in the hair oil category. It operates under brands, Bajaj Kailash Parbat Thanda Tel, Bajaj Almond Drops Hair Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Shikakai Hair Oil, Bajaj Jasmine Hair Oil and Bajaj Nomarks skin care range.