praveen.bhatiya

SHORT : Divergence & multiple resistance

Short
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.

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