BAJAJHIND - Possible 12-Year Breakout?
Bajajhind (Bajaj Hindusthan Sugar Ltd) closed yesterday at 36.25, bringing it close to the critical level of 39. A monthly close above 39 could potentially push the stock to 50 or even 58 levels. This stock attempted to break past 39 in February 2024 but failed to close above it. Since then, it has been trading within the range of 26.80 - 40.50.
Keep an eye on volumes and the monthly close for confirmation of this breakout. While technical indicators look promising, always conduct your own research and consider fundamental factors before making any investment decisions.
Keep an eye on volumes and the monthly close for confirmation of this breakout. While technical indicators look promising, always conduct your own research and consider fundamental factors before making any investment decisions.
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