BAJAJ FINANCE TARGET AND LEVELS | 23-07-2021

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BAJFINANCE

BAJFINANCE looks positive to buy above 6230.

Option chain data shows short covering/call unwinding till 6500 level. Also highest open interest is at 6500 which will act as a good resistance in this July month.

If it goes down to test the support till 6180 or even low to 6130 then wait until it gets support from there and gives sign of reversal with strong green candle on 15min chart and it should have a green candle after it. Once go long above this level as well but for safe trader better to go long above 6230 level only and once it shows 15min green candle and it should have a green candle after it.

Do not get in to short/sell position at this moment.

Targets are mentioned on the charts. Better to keep booking your profit tomorrow.

Do comments if you have any doubt.

Hope my ideas are helping you to understand price action and levels.