BAJFINANCE has broken out from descending triangle on Friday and has given weak closing. For Tuesday it this retraces to 1925 - 1915 zone and then start moving down, then it will be best case to short. Next support as identified on weekly chart is around 1820-1825. Keep a watch on this.
If market turns out weak on Tuesday then it will one of the high probable trade.
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Sir ..great call on Bajaj Fin ...as you mentioned when it moving down from 1925 -1915 I shorted it ,and made a good profit of around 2% and booked before 11 am ,great call because even if market was still up than also your short call making profit....Thanks for find out this kind of bearish stocks and their shorting range...
Sir - I understand 1925 and how to add range of -10 so as to be in 1915. Is it due to prior levels or any other analysis. Thxs
Piyush-Gupta
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@arunindy, for big stocks like this , we need to keep some spread
directsanjay
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My watchlist candidate now
Kavinchaudhary
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In this bajaj finance stock
This descending triangle fail(high probably). Because last friday falll due to bank news announce .
On coming weak it will goes up trend
Touch the 2200 level easily
Because it is a most strong 💪 stock
Piyush-Gupta
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@Kavinchaudhary, sure this can be possibility. That is why we keep both long and short list. If this does not trigger, we have 5 stocks in long list and similarly in short liat