Dark Clouds Hovering on Bajaj Finserv

The meteoric rise from 750 to 950 in just a week seems to be coming to an end. A Dark Could pattern can be seen on the charts which in conjunction with a highly over bought RSI level will drag the prices of Bajaj Finserv down in the coming days. A short term support exists at 855 levels which is the most likely target of this fall. And an extreme target of 765 also cannot be ruled out. Short term traders with a perspective of 2-3 weeks should look to sell on rise with a SL of 955 and long term traders should exit and stay in cash and wait for the retracement to complete


Action : Short below 910 for a target of 855 with a SL of 955
  
DURATION : 2-3 weeks

Please follow this article to receive updates on this Call

Deepika Solanki, Technical Analyst
Team TopdataIndia

Your feedback and comments are always welcome. For any issues with understanding the content please mail us on info@topdataindia.com
Like US on Facebook
Follow us on twitter @topdataindia