BAJAJFINANCE levels.

2021년 7월 17일

BAJFINANCE

It has been trading in range between 6100 to 6200 since 9th July.

6100 have highest Put open interest and 6200 have highest Call open interest in July expiry options.

6100 is working as immediate support and 6200 is working as immediate resistance. And stock is also taking resistance from the trendline shown in the chart.
It is worth to watch and keep an eye on this stock. Any break on either side will give a significant move.

Buy only once the 6200 to 6225 range is breakouts properly. And sell only below 6094 after it breaks down it. It will give good profit on either side.

Don't jump in the trade without getting clear breakout or breakdown confirmation.

Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.

All the best for trading in next week. Have a good weekend.