Tradevenger

Bajaj Finance - divergences and head and shoulder pattern

Short
NSE:BAJFINANCE   BAJAJ FINANCE LTD
Bajaj Finance formed divergences on daily charts and beginning of a H&S pattern. Looks like heading back to 6500 levels over next few weeks
Trade active:
Short term bounce back but eventually heading down. So those that missed the trade can initiate fresh shorts at 7200. Book all profits at 30% gains and wait for next trade!
Trade closed: stop reached:
Stop Loss reached. Look for short at higher level only
Trade active:
Fresh shorts taken for Bajaj Finance at 7400 put. Target 7150

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