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ritik_patel
Dec 6, 2020 7:56 AM

BAJFINANCE CHANNEL IN 1HR Short

BAJAJ FINANCE LTDNSE

Description

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.
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