ritik_patel

BAJFINANCE CHANNEL IN 1HR

Short
NSE:BAJFINANCE   BAJAJ FINANCE LTD
BAJFINANCE is currently trading in a channel in 1hr timeframe. It is testing the support of the channel for the 5th time. There are chances for BAJFINANCE to breakdown the channel ( not 100% guaranteed ) and take support around the horizontal lines which are placed around 4500-4650. If there is a breakdown confirmation alongwith volumes then you can SHORT FUTURES or else wait for it to show reversal signs near support and plan for positional trades.