shiv2798

BAJAJ ELECTRICAL SHORT FOR DAY TRADE

Short
NSE:BAJAJELEC   BAJAJ ELECTRICALS
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1
Its observed that its been in Ranging from 14 March and Price rejection on High is indication of further downside movement , I can consider two possible short trade set up
01 ) Sell on Rise at or near 318 for Target of 306 With SL 321
02) if Price fails to move up and brakes down the support of 305 the Go for short selling at 305 with SL 308 for Target of 296
This set up is only for day trading
Cheers
Comment: Trade still valid not active , price was in rage bound today could not move either way