BAJAJ FINANCE LTD

NSE

BAJFINANCE

I'm looking at a long from Monday

Refer Charts

#BAJFINANCE CASH 13 MAY 2019 LOOKS GOOD SELL ONLY BELOW 2900 (RISK FREE IF SUSTAIN BELOW 2880 FOR 2800-2810 ALSO) STOPLOSS 2930 TGT 2876/2854/2800-2810 CMP 2932

TREND IS A FRIEND UNTIL IT END , BAJFIN HAS GIVEN TREND BRAKE OUT AFTER MAKING A GOOD RALLY FROM THE BOTTOM 1950 RANGE , EXPECTING 2650 RANGE POSITIONAL ,

SL: Below 3080 - Tg: 3150-75

Described in the chart . Regards

Watch

BAJAJ FINANCE .... Fibo on daily shows at 127%. so possible retracement till trendline @ 3200 levels or upwards to next level 3441

read the trade

SL: 2925 - Tg: 2885-2850

* Moving towards lower end of channel * Faced resistance from previous crucial support * Formed an IB yesterday * Break of PDL is a good short with PDH as SL

refer chart for details

The chart Pattern clearly shows where is it going

As we see. It has already broken trendline and divergence seen in RSI, Full short for target around 2800...

follow

expecting for a head shoulder pattern lets see if it can form h and s or break the support and fall refer chart for details

Levels on chart

Small little breakdown on a lower timeframe. As long as it holds the recent supports it should be ok otherwise it could see a good sized cut since its got some crazy valuations. Keep on watch list to see for a bounce from that support or a breakdown and trade accordingly.