mklives

Bajaj Finance.. strong bounce to last?

Short
NSE:BAJFINANCE   BAJAJ FINANCE LTD
Bajaj Finance, which fell from 3750 levels to 3000 like a waterfall had a strong bounce on friday of 7%
that took it to .382% retracement fib level. if it manages to cross and hold can test 0.5 retracement of 3380 which can act as a tough resistance to cross in the first go.

3380 and 3465 are 0.5 and 0.618 fibo retracement levels which can act as strong resistance in the short term..

Look to sell at 3380 and 3465 for 3200 3173 target..
Levels mentioned are in Cash price only..

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