Bajaj Finance reversing from 50% retracement
Bajaj Finance is reversing from the resistance at the 50% retracement levels.
Also it is moving within a downward channel and is reversing from the upward end of the channel.
Logic is to go short for a target at the lower end of the channel.
Target - 950
SL - 1100
Also it is moving within a downward channel and is reversing from the upward end of the channel.
Logic is to go short for a target at the lower end of the channel.
Target - 950
SL - 1100
Note
Trade Closed as Bajaj Finance moved outside the lower trending channel.But i bought few on the downside luckily :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.