Bajajhind Share Price Target : Undeniably Bajaj Hindusthan Sugar Ltd [ BajajHind ] is playing a significant role in the sugar and ethanol sector in India.
As usual we are not going look into the fundamentals of Bajajhind share. Is the company profitable ? Is the company showing good results ? Is the company paying dividends for its share holders ? We are not going to look into all these questions. Simply based on the technical analysis, that too on Monthly time frame we are going to analyze the stocks performance & target .
Let’s see whether it is the right time to buy Bajajhind share or not.
Here is the Bajajhind Chart only Monthly Time Frame. We are sharing this pic just for your understanding.
![Bajajhind Monthly Timeframe chart](https://knowaboutmarket.com/wp-content/uploads/2024/01/Bajajhind-Monthly-Timeframe-chart-1024x519.png)
Bajajhind Share Price Target After 12 Year Break Out [ 2024 & 2025]
Almost after 12 years of consolidation Bajajhind Share price is very near to break out.
A simple funda : Larger the consolidation period, more powerful is the breakout.
12 years consolidation is not a simple thing. Once the Bajajhind stock price comes out the consolidation zone, there is very high probability of stock going up.
Lets see Bajajhind Share Price Action on Monthly Time Frame.
In the year 2009, Bajajhind Share Price has took support at Rs 33. After that stock has grown exponentially up to Rs 200.
All of sudden Bajajhind Share Price started coming down and surprising it broke the low of Rs 33.
Now the support zone in 2009 was acting as resistance in 2012. Just look at the chart below.
![bajajhind 2009 support becomes resistance in 2012](https://knowaboutmarket.com/wp-content/uploads/2024/01/bajajhind-2009-support-becomes-resistance-in-2012-1024x519.png)
From January 2012 stock couldn’t break the resistance till date i.e. 2024 January.
![bajajhind 12 year breakout near](https://knowaboutmarket.com/wp-content/uploads/2024/01/bajajhind-12-year-breakout-near-1024x516.png)
In the month of November 2023 stock almost touched the resistance zone, but still it could break and close above the resistance zone.
We can expect momentum in Bajajhind share price only when the range is broken. Or else the stock may be in consolidation for few more months or years.
As the Indian markets are in bullish mode, we can expect the stock to break resistance zone. Once the stock breaks the range, then our target would be next resistance zone.
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Below chart clearly explains about the next resistance zone.
![](https://knowaboutmarket.com/wp-content/uploads/2024/01/Bajahind-2024-2025-target-1024x522.png)
Once the stock price crosses Rs 40 with strong bullish candle, we will enter into the trade. Another important thing we should consider is closing of the candle.
Inorder to execute the trade, candle must close above the Resistance zone [ approx. above Rs 40].
So we suggest you to keep this stock [ Bajajhind ] in your radar. Once the breakout happens, punch your order.
If the Bajajhind stock price moves as per your analysis, then hold the stock till it reaches your target [ Approximately Rs 90].
Unfortunately if your analysis goes wrong, then we should exit stock. So keep a strict stoploss.
Stoploss should be low of the break out candle.
As of writing the article, breakout didn’t happen, we cannot say the exact entry and exit price.
Faqs:
Bajahind Share Price Target 2024 & 2025
As we have said earlier predicting the stocks price is a nonsense game.
But it is possible to predict a share price after a pattern breakout. [ its a probability game].
If the Bajahind stock price breaks Rs 40 in the first half of 2024, then there is high probability that the price may shoot up to Rs 90 by the end of 2024 or by march 2025.
We will do more research about this stock once the stock comes out of this zone.
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