PrasadKsh

BAJFINANCE looking weak on 2H chart Stay neutral for swing.

NSE:BAJFINANCE   BAJAJ FINANCE LTD
NSE:BAJFINANCE

On 2H chart BAJFINANCE started to becoming weaker. Stock facing good resistance between the range of 3320-3420 while 3125 will be immediate Support for stock.

On 2H chart if stock manage to breakout 3420 with good volume and candle closing near high it will open for fly for target of 4040.

But if the stock breaksdown 3125 it will then likely to show 2835 and even 2655. For breackdown too we need to see strong confirmation with volume .

Though the stock is weak I will not make any decision to short for swing trade right a way until and unless I see any strong confirmation for same.

I will prefer to stay neutral in this counter and keep this on watch

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