Bajaj Finance is in a very crucial stage. Most likely tomorrow it shall open gap down, and there are two cases for this.
1st Case - The Both red lines marked will act very crucial for BAJFIN. Any close above or below may set a new trend
2nd Case - Common Gaps are filled quickly so dont keep any short positions for a long time, rather buy at low levels for a long term perspective. If it falls at that level then most likely to move sideways, but must break with volume
if it does fall Sell at 2070 with SL 2090 with targets of 2055, 2045 and 2035. Follow levels.
Below 1906, it can slide of easily but we can expect a NON Rejection of price there.
1st Case - The Both red lines marked will act very crucial for BAJFIN. Any close above or below may set a new trend
2nd Case - Common Gaps are filled quickly so dont keep any short positions for a long time, rather buy at low levels for a long term perspective. If it falls at that level then most likely to move sideways, but must break with volume
if it does fall Sell at 2070 with SL 2090 with targets of 2055, 2045 and 2035. Follow levels.
Below 1906, it can slide of easily but we can expect a NON Rejection of price there.
Comment:
Gapdown done! Targets have been auto done, wait for near support and see magic
Comment:
2071 is the strong support,may hover around and a break through is what we need and we are done for the day. A closing above 2127 is likely impossible, but we will be at our levels
Comment:
Our targets have been achieved due to gapdown. wait for fresh position
Comment:
Movement was highly unprecedented,closing above 2210 can do wonders, and below that would make it fall to the level marked. Trade not initated
Comment:
Approaching 2210 and closing above will reverse the trend
Comment:
Didn't break the line, hence be assured to get a good fall