Bajaj finance has become weak on weekly and monthly chart and has broken very important level of 2325. Now as long as it is below 2325 it has full potential to go to the level of 1900 in coming days. And below 1900 it can see levels of 1600 in coming months. So trading strategy should be to sell on every rise below 2325 with stoploss of 2350. Above 2350 it will be out of bear grip on long term charts.
Disclaimer: Views shared are only for educational purpose and idea is no recommendation to buy or sell or hold any stock
Disclaimer: Views shared are only for educational purpose and idea is no recommendation to buy or sell or hold any stock
Comment:
bajaj finance is finding difficult to cross 2350 as already discussed. It is overall this weak and will gain positive momentum only when it start trading above 2500 levels