Arunraj_07

Descending Triangle in BAJFINANCE

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Arunraj_07 Updated   
NSE:BAJFINANCE   BAJAJ FINANCE LTD
BAJFINANCE is forming a descending triangle. With its Quaterly earning slated to be released on May 19th, the stock could sink further if the results are bad inviting a short entry. Consider booking partial profits if you are holding from 700-1300 levels. 1920-1950 is the support in weekly chart and if it closes below that on weekly basis then next support would be at 1600 levels.
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