Bajaj Finance - The awaited Fall!!

Updated
The share has increased from 1900 to 2400 in the past 1.5 month (i.e. a whopping growth of 30%+)

SHORT BELOW 2270

The share is primarily because of below mentioned reasons :

1. Broke trend line which indicates fall.
2. Crucial Fibonacci Support at 2228. If it breaks, Free fall.
3. Reversed from overbought levels as per Stochastic Oscillator, due correction taking place.

Note
Trade not active as yet.
Chart PatternsfiboFibonacciFibonacci RetracementTechnical IndicatorsoverboughtTrend Analysis

Also on:

Disclaimer