sumitb2015

Bajaj Finance reversing from 50% retracement

Short
NSE:BAJFINANCE   BAJAJ FINANCE LTD
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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
Comment: Trade Closed as Bajaj Finance moved outside the lower trending channel.
But i bought few on the downside luckily :)

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