sureshk05
Short

Sell Bajaj Finance @ 3251, T - 3130, T2 - 2800, SL - 3350

NSE:BAJFINANCE   BAJAJ FINANCE LTD
31/07/2020 - Bajaj Finance Ltd had already broken the short term trend line in 30min & daily charts .
Sell Bajaj Finance Ltd @3250 with a target of 3130 & 2800 on down side with a stop loss of 3350.

Comments

Hey, is it not likely that there could be a positive breakout from the descending triangle formation?
Reply
sureshk05 Priyanshu_Upadhyay
@Priyanshu_Upadhyay, Possible till it break below 200EMA with strong candle in daily charts. 200EMA is providing support around 3150 levels.
But upside is capped, in daily charts there was a Bearish Engulfing pattern on 21/07 & resistance at 200SMA which caps the upward movement at 3450 levels.
Reply
Priyanshu_Upadhyay Priyanshu_Upadhyay
@sureshk05 Thanks for answering 😁 always learning something new 🙌
Reply
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