Currently Bajaj finance is range bound. 3125 and 3380. these are the extreme ends where it is seeing a strong level of support and resistance respectively.
It can only move towards the next zone and hit 3700 levels once it crosses and sustains 3400+ levels for a complete day trade.
Looking at the historical moves, we can see that whenever such level of...
Nifty is following an upmove with the trend line and currently in the historical zone of resistance. Will need good volume and support for further upmove in the 11000 range.
The waves are decaying and NIFTY may just hover around for consolidation at the levels between 10600-10800 before making a fresh leap forward.
