A CHANNEL HAS FORMED AFTER A LONG DOWNTREND AT THE PREVIOUS STRUCTURE AND FOR THE ENTRY REASON WE CAN ENTER SHORT ON THE BREAK OF THE CHANNEL WE CAN ENTER ON THE BREAK OF THE 6565 WITH STOPS AND TARGET MENTIONED ON THE CHART
Entered on 20 Jul 18 on 6430 with a stop loss at 6120.45
TSL update on 1 Aug 18 from 6120.45 to 6861.05
TSL update on 16 Jul 18 from 6861.05 to 6928.80
Current Trailing Stop loss = 6928.80
In case of hitting stop loss confirmed profit of 498.8 points.
The duo from Bajaj stable. Both are consolidating in rectangular range post strong upsurge. Price of both at breakout point. BajajFinSv has resistance at 70200--highest Call OI, whereas BajajFinance has strong resistance at 3000 --highest Call OI. Keep SL please.