Bajaj Finance reversing from 50% retracement

15 thg 10, 2016

Bajaj Finance is reversing from the resistance at the 50% retracement levels.
Also it is moving within a downward channel and is reversing from the upward end of the channel.
Logic is to go short for a target at the lower end of the channel.

Target - 950
SL - 1100

18 thg 10, 2016

Ghi chú

Trade Closed as Bajaj Finance moved outside the lower trending channel.
But i bought few on the downside luckily :)