nextgen

Bajaj Auto on the edge of channel resistance

Short
NSE:BAJAJ_AUTO   BAJAJ AUTO LTD
Bajaj Auto has been trading in down trend and trading in a channel although there have been false breakout but it entered in to the channel, as in my previous analysis which was bearish flag patter and it completed almost 80% flagpole, it has now trading at the edge of channel resistance and may go further down or breakout may occurs. traders may enter long after breakout,if breakout doesn't occurs it will trade further down ward to approach crucial 50% fibo level around 2645.
Trade active: stay short Bajaj Auto