MercySamurai

BAJFINANCE break down in descending triangle with huge volume

NSE:BAJFINANCE   BAJAJ FINANCE LTD
Finally BAJFINANCE break down in descending triangle with huge volume and sitting at the major support. we can expect a gap down on Monday session and there could be some retracement(or contines the downward direction) towards the resistance. If the downward trend continues 1st target is 1601.

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Thanks for the valuable suggestion.
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yes you are right ,
i am going exit my shares on monday
Thank for sharing info
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can you please tell me stop loss for this trade
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Could you please how you arrived at target 1601. Asking for knowledge .
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MercySamurai Mayankpali
@Joker1989, There is a good support by seeing the reversal candles at around 1600 level with huge volume on 11 aug 2017 and feb 2018(also consolidation). Since round numbers are not preferable I increased it by one.
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Kavinchaudhary MercySamurai
@MercySamurai,yes, my setup is also same
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