#BAJAJFINANCE is trending between level 3420 and 3122 (200EMA). Today stock open with Gap Down but due to bearish sentiment in market it trade down and touched the level 3122 (200EMA) and got good support and closed above. Stock is moving in narrow range since 7 days and a gap UP/down opening can show reversal tomorrow 15 July.
Showing Bearish result in Technical Parameter: CCI is bearish RSI is treading down stoch is reversing from overbought zone PSAR indicating bearish reversal ATR is decresing since 3 day High decrese in Future OI Long Cover ---------------------------------------------------------- Support : 3123 and 2983 Breakdown : 3144 (OR Gap down opening) LTP : 3190 Breakout : 3225 (OR GAP UP opening) Short Target : 3313 and 3380 and 3420 ---------------------------------------------------------- Positive & Negative Point: 1) Bullish in Daily/Weekly chart 2) Neutral in Monthly Chart 3) Increase in relative strength - Sectrol ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading.)