BAJAJ CONSUMER - Bullish head and shoulder chart pattern formed
Updated
* Bajaj Consumer completed the bullish chart pattern called "Inverted Head and Shoulder".
* We got downtrend reversal at bottom by forming "Inverted Hammer" dated 20th June 2022.
* RSI above 50 showing strength in price
* Price is above 20 period moving average, showing short term trend is bullish.
Buy above 147
Stop Loss 137
Target 1 160
Target 2 185
* We got downtrend reversal at bottom by forming "Inverted Hammer" dated 20th June 2022.
* RSI above 50 showing strength in price
* Price is above 20 period moving average, showing short term trend is bullish.
Buy above 147
Stop Loss 137
Target 1 160
Target 2 185
Trade active
First Target achieved booked 50% and trail SL below 154.
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