Bajaj Finance Levels to watchout for - Bearish
Bajaj Finance has been hit the worst in the recent selloff.
Its Trending Downwards with volume increasing every day.
1830 was/is Important weekly support zone but looking at the volume and strength of this trend it seems that the stock will continue down towards 1600.
Next weekly support is 1600. If you are looking for a meaningful bounce on this stock then it should be around 1600.
Daily / 4h RSI has to form bullish divergence for this stock to bounce at 1600.
If 1600 doesn't hold then this stock must test 1300-1200 zone. It would be fast and most likely be capitulation which marks the bottom.
Its Trending Downwards with volume increasing every day.
1830 was/is Important weekly support zone but looking at the volume and strength of this trend it seems that the stock will continue down towards 1600.
Next weekly support is 1600. If you are looking for a meaningful bounce on this stock then it should be around 1600.
Daily / 4h RSI has to form bullish divergence for this stock to bounce at 1600.
If 1600 doesn't hold then this stock must test 1300-1200 zone. It would be fast and most likely be capitulation which marks the bottom.
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