BAJAJHLDNG, Technical Outlook for 27May
Updated
Trend - Negative
Strength Strong
CMP - 8,031.95
Breakdown Level - 8,014.30
Support - 7,739.50
Resistance - 8,495.00
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Strength Strong
CMP - 8,031.95
Breakdown Level - 8,014.30
Support - 7,739.50
Resistance - 8,495.00
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Comment
The price has reached the target. Still we are in a strong downtrend.
Now the level of 7740 is very important to consider.
This level could act as a strong support.
Wait for the price to settle down on these levels.
Comment
The price bounced from the support level.But the price has failed to close above the resistance level.
Now we need a confirmation candle.
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