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imshrinathshetty
May 21, 2020 2:09 PM

Bajaj Finance - Descending Channel Long

BAJAJ FINANCE LTDNSE

Description

After a dip of more than 50%, the price is trading in a channel. Long once there is a breakout on a momentum candle.
Comments
Watatrader
Sir, As per your view and chart patterns, till where it will go in terms of downside? And also, I shall be really grateful if you could please let us know a suitable level to accumulate this stock for long-term?
skthegamer
sir when do you think will bajaj finance touch 2100 ?
imshrinathshetty
@skthegamer, bro, I don't know. Right now it is looking bad.

skthegamer
DUASAAB
@skthegamer, What I believe its a cummulative effect of COVID and LockDown. Things will move forward in betterment and strongly i believe it will touch your desired level on or before Diwali fastival. Ofcourse its demands holding (not trading) in portfolio for now like other stock like Maruti, Bajaj Finserv, MRF, etc... Gudd Luck.
skthegamer
@DUASAAB, thanks
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