Observation of two time-Frames for BAJAJ FIN is downward trend.
By looking at daily chart shows a lot more clear vision of next moment for investors activities. The price is trading between value high to control price 1.
Scenario 1:
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.
Scenario 2:
Lagging or late fall then price can move up for little and then price fall will be starting late.
1month candlestick.
BAJAJFINSV has formed a solid tight up-channel. The considering long term trend, the current is going down. Though as per the time cycle, the downtrend is too far from now to start, the price is already reached at a value high and started to fall. The Previous resistance was is at 8585.
Scenario 1:
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.
Scenario 2:
Lagging or late fall then price can move up for little and then price fall will be starting late.
1month candlestick.
Trade active
Comment:
Short selling is initiated.