Increasing volumes in Bajaj Finance with Sell bias....!!!
With increasing volumes in Bajajfinance the stock has formed a lower high in the previous week.
The precious swing high would be the stoploss for positional traders.
Target would be around 1500.. Better to trail your profits than to have specific profit in your system.
Nifty also testing resistance it makes sense to go heavy as this builds confluence in the trade.
The precious swing high would be the stoploss for positional traders.
Target would be around 1500.. Better to trail your profits than to have specific profit in your system.
Nifty also testing resistance it makes sense to go heavy as this builds confluence in the trade.
Comment:
BE READY WITH YOUR SELL ORDERS AS IT MIGHT TEST THE RESISTANCE AND THEN FALL ON INSANE VOLUMES
STAY ON COURSE WITH THIS SETUP MIGHT GIVE A SHORT OPPORTUNITY IN THE COMING WEEKS