AbhishekHSinghCMT
Short

Bajaj Finance- Bulls Eye-Enjoying Niagara Fall-from 924 to 805

NSE:BAJFINANCE   BAJAJ FINANCE LTD
281 6 9
That's amazing to get it correct again. I feel excited & motivated as Bajaj finance had a sharp fall from 925-930 zone as expected - look at the Niagara Fall- straight down from 925 to 805.

What Next?
Looking for a bounce in the zone 855-870's -if holds & starts moving below 850- shall make a new low below 805.

Click the chart & load the bars to see the Niagara Fall from 925-805
Trade active: 12:54 Hrs 14th Dec2016

Last Price@847

Day's High@853

Heading in the desired direction -sooner it will kiss 860-870's -Bang on for the bounce.
Trade active: 07:54 Hrs 15th Dec2016

Last High@858

Done in last trading session as expected pullback which entered the zone 855-870

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
sir u are amazing.one concern is there today credit sues ,clsa,barclays has published down graded reports about this stock with 500-600 level targets .might it hold due to news is out .and give bounce before falling .contrarian view
Reply
@sandy, Now 930 is key resistance -yes, it bounces which I have mentioned above, but should not cross 930 on top, then likely it is down till 470-500 zone but you know financial instruments never move in straight line.
Reply
amit.u.lakhani AbhishekHSinghCMT
@AbhishekHSinghCMT,
is it buy in intraday what could be sl and tgt
Reply
AbhishekHSinghCMT amit.u.lakhani
@amit.u.lakhani, Already moved 70% up as per yesterday's post when I updated- "what next" almost reaching the last bit of targets giving us 30-40 points once touches 860-870 zone
Reply
HAVING A LOVELY BATH :)
Reply
@ppiyush27, Awesome- That makes you cool & you can concentrate to get more. Cheers
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