Buying Opportunity in Bajaj Hindustan Sugars
Bajaj Hindustan Sugars has been experiencing a downtrend for the past month.
The stock has been trading between 38 and 45 levels for more than four months.
However, the support level of 38 was broken in mid-October 20204, and the price has been in a downtrend since then.
BajajHind has strong support at the 28 level.
Currently, it is trading near 31 levels.
The downside potential is limited.
Resistance levels; 34, 38, 45
Verdict: For any significant upside movement, the stock has to sustain the current level of 31 and cross 34 levels decisively.
Long term target can be 45.
The stock has been trading between 38 and 45 levels for more than four months.
However, the support level of 38 was broken in mid-October 20204, and the price has been in a downtrend since then.
BajajHind has strong support at the 28 level.
Currently, it is trading near 31 levels.
The downside potential is limited.
Resistance levels; 34, 38, 45
Verdict: For any significant upside movement, the stock has to sustain the current level of 31 and cross 34 levels decisively.
Long term target can be 45.
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