BAJAJHLDNG, Technical Outlook for 27May

26 May

Trend - Negative
Strength Strong
CMP - 8,031.95
Breakdown Level - 8,014.30
Support - 7,739.50
Resistance - 8,495.00

Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

29 May

Yorum

The price has reached the target.
Still we are in a strong downtrend.
Now the level of 7740 is very important to consider.
This level could act as a strong support.
Wait for the price to settle down on these levels.

30 May

Yorum

The price bounced from the support level.
But the price has failed to close above the resistance level.
Now we need a confirmation candle.