MidCap is at the crucial point. It's a (Tug of War)1) Followed by the SmallCap, MidCap is also under the strong selling pressure.
2) Currently It took the support at the trendline. If It breaks down the level of 45600 & closes below the trendline then It will lead to another 4.5% fall.
3) There's a Probability that MidCap may bounce from it's current level and lead the next uptrend.
Crucialsupport
Crucial support Bajaj Finance is back to Pre-covid highs. Additionally, it is lying at a crucial support range between 4700-4880.
For anyone trading in this, keep a watch on the levels. I would wait before creating a new position in the stock. NSE:BAJFINANCE
I would most probably enter if it breaks from those levels and shows signs of a definite trend.
Hope I helped someone from this.
SWING TRADE IN HDFC SEPTEMBER FUTURES RESISTANCE BREAKOUT BUY@SWING TRADE IN HDFC
SEPTEMBER FUTURES
RESISTANCE BREAKOUT
BUY@1948
STOP@1930
TARGET@1970
LOT:500
QTY:2