BAJAJ FINSERV LTD.

Short

BajajFinserv moving towards 5000

By Risk_to_Reward

Updated

explanation in chart

Trade active

5641 as on 4 Oct 2018. Wait for MPC meeting results for tomorrow. Rate hike fully expected. Which will raise the cost of capital, already in tight liquidity scenario

Trade active

Fear sentiment seems to be playing more active even when RBI was not that hawkish. Down more than 4% from the date of idea sharing. It seems that 5000 levels coming earlier than chart prediction

Trade closed: target reached

Touched a low of 5235 on 5 oct 2018 trading day. Trends seems to be over. short closed

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