Buying Opportunity in Bajaj Hindustan Sugars

3일 전

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.