praveen.bhatiya
Short

SHORT : Divergence & multiple resistance

NSE:BAJAJ_AUTO   BAJAJ AUTO LTD
Clearly divergence in MACD and RSI are telling the forthcoming weakness that too at the level of multiple resistance so one can take chance by shorting the stock. STOP LOSS Little above the recent high. Just to mention that divergence at the top are relatively tricky comparing to formed at bottom.
Trade closed: target reached: Trade has obliged as expected.
Trade is doing well and now developed the Head and Shoulder pattern in same time frame confirming the trade.
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