TradingView
trademanthan
Jun 29, 2023 8:44 AM

BAJAJ FINANCE failed to break resistance, can fall till 6600 Short

BAJAJ FINANCE LTDNSE

Description

BAJAJ Finance could not cross the weekly resistance line and fall from that line was sharp.

BAJAJ FINANCE have also completed the motive wave of elliot, the corrective wave is pending. We can take short trade using dotted green line as stop loss and can initiate a short trade in this counter.

Disclaimer - The above idea is only for education purpose.

Trade active

Red resistance dotted line is still holding (Stop Loss)
Comments
trademanthan
One minor mistake - > "We can take short trade using dotted "green" line as stop loss and can initiate a short", it is not green but dotted red line
More