BAJAJ FIN is downward trend expected by channel.
Updated
By looking at the daily chart shows a lot more clear vision of the next moment for investors' activities. The price is trading between value high to control price 1. I am thinking here profit booking and price can stay in condition if fall is not started but hard to move upside from here.
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
We are thinking first target 9500 nearby is easy and then 9300-9200 possible. Taking a short position is not wrong now.
Buying in 9500 strikes put option in step is not bad,
buy @ 95 and another buy 70 for
targets 132-189
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
We are thinking first target 9500 nearby is easy and then 9300-9200 possible. Taking a short position is not wrong now.
Buying in 9500 strikes put option in step is not bad,
buy @ 95 and another buy 70 for
targets 132-189
Trade active
First target is going to achieve 9500 PUT of BAJAJFINSV. I have also updated TATASTEEL if you already short sold it.Note
bajajfinsvr is dieing....
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