BAJFINANCE SHORT

٢٨ سبتمبر ٢٠٢١The indicators used to analyze this chart suggests that BAJFINANCE will probably reverse after a strong movement where the stock was overbought. As we can see, MACD line has just passed the signal line, indicating the presence of a bullish momentum. DMI indicator shows us that the uptrend is not strong anymore because +DM and -DM are closer than before now. And this indicate us that the uptrend is losing strength. RSI indicates that BAJAFINANCE may lose bullish momentum. Now we should wait for the price to break the support and retest it as a resistance.
Therefore rejection at the resistance will be our entry price.

P.S No financial advice