Bajaj Consumer Care Limited has been trading in the range of
310 to 329 and formed a rounding bottom chart pattern on the daily charts. From
the last 7-8 trading days price consolidated near to 20-day’s DMA and break out
seen on Friday.
The RSI has given positive crossovers on the daily charts suggesting price is likely to see a breakout on the upside. We recommend traders to take long positions in BAJAJ CON in the range of 330-332 for targets of 342-355, stop loss below 314.