Bajaj Finance reversing from 50% retracement
Updated
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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