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

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BAJAJ FINANCE LTD (NSE:BAJFINANCE)

NSE:BAJFINANCE BAJAJ FINANCE LTD

trendanalysis chartpattern bajajfinance short swingtrading

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.

trendanalysis
chartpattern
bajajfinance
short
swingtrading

Comments

Hey, is it not likely that there could be a positive breakout from the descending triangle formation?

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.

Priyanshu_Upadhyay

@sureshk05 Thanks for answering 😁 always learning something new 🙌