Bajaj Finance on hourly has a strong demand zone of 6150 area where it has closed yesterday.
It had stopped the bears badly by breaking down from that area and not giving follow through leading to a 200pt rally from that drop to around 6050.
After that 200point move the price has come back to retest 6150 with 50point stop on closing basis I think one should go long on Bajaj Finance with a target of T1- 6350 T2-6550.
It had stopped the bears badly by breaking down from that area and not giving follow through leading to a 200pt rally from that drop to around 6050.
After that 200point move the price has come back to retest 6150 with 50point stop on closing basis I think one should go long on Bajaj Finance with a target of T1- 6350 T2-6550.
Trade active:
T-1 is done. Pending T2 trail at T-1.
Trade closed: target reached:
Closed tgt reached