Short

Bajajfinsv approaching towards its Monthly Support

Updated

Bajajfinsv is moving towards its strong support zone at 4022.75 on a monthly chart. One shouldn't take any decision till the time stock trades between 5531.30 & 4022 as we might see stock trading into this zone in a zigzag manner for a long time. All the price mentioned is on a closing price basis on a Monthly chart. Swing traders can take a long side once it hits the support line & then RSI 15 crosses over 40 again on a monthly chart.

Comment

Today it made a low of 4052. Remember the 4022 level, it is very crucial.

Traderanit

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