BAJAJ FINANCE LTD - SHARP PULLBACK

20 nov 2020

BAJFINANCE

• OVERALL TREAND - STRONG BULLISH
  
• ON 19TH NOV,AFTER WIDE RANGE OPENING BULLISH CANDLE,PRICE STRUGGLED TO MOVE HIGHER AND VOLUME ALSO ON DECLINING SIDE
  
• AFTER WHICH SHARP DOWN MOVEMENT HAPPENED WITH WIDE RANGE BEARISH CANDLES ON HIGH VOLUME
  
• TODAY WE CAN SEE EITHER,
  >>>>>>>PRICE TEST RESISTANCE LEVELS 4652-4678 AND THEN MOVE DOWN TO SUPPORT LEVELS 4435-4411, CONSOLIDATING THERE FOR SOME TIME BEFORE MOVING HIGHER
  (OR)
  >>>>>>>PRICE CONSOLIDATE BETWEEN 4483-4590,AND THEN MOVE HIGHER