Bajaj auto,the price has fallen from the rising TL ,which acted as a support for quite some time Now the price has breached the TL with a big red bar and today the TL was retested today,implying a downward move ahead. Can it reach the targets of 2745 and 2710 with stops at 2795?
Trade closed: stop reached
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-Though the price is trading below the TL, the mentioned stop was reached. No longer looking good for shorting.