Based on the 1-hour chart of Bajaj Consumer Care Ltd (BAJAJCON) and the trendline breakout, here is a clear trading plan:
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Bajaj Consumer Care – Trade Setup
Buy Zone
- Buy above: ₹272 – ₹274
(Sustained close above the breakout candle / trendline)
Targets
- Target 1: ₹280
- Target 2: ₹288
- Target 3: ₹295 (only if momentum continues)
Stop Loss
- SL: ₹262 (Below breakout level & recent swing low)
Risk–Reward
- Risk ≈ 10–12 points
- Reward ≈ 20–25+ points
- Good R:R for swing / short-term positional trade
Trade Logic
- Long-term descending trendline breakout
- Strong bullish candle with follow-through
- Structure shifted to higher high & higher low
- Pullback to ₹270–272 can also be used as a buy-on-dips opportunity if price holds
Important Note
- If price falls back below ₹262, breakout will be invalid
- Avoid fresh buying if the stock moves sideways below breakout
